TLDR
- BNB Chain completed its 32nd quarterly token burn, removing over 1.5 million BNB tokens worth approximately $1.024 billion from circulation
- BNB price climbed to $672.49, breaking past the $666 resistance level with 1.26% daily gains
- Whale wallets now control over 99.9% of BNB’s supply, showing increased accumulation during consolidation periods
- Daily active addresses on BNB Chain reached 1.75 million, indicating growing network usage
- Technical analysis shows an ascending triangle pattern with a potential price target of $733
BNB Chain has completed its 32nd quarterly token burn, removing 1,595,599.78 BNB tokens from circulation. The burn included 129.10 BNB from the Pioneer Burn program and was valued at approximately $1.024 billion.
The 32nd quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).
1,595,599.78 BNB has been burned. 🔥
View burn details 👇https://t.co/Zpd8EXfHPE pic.twitter.com/2Ls3peqwyj
— BNB Chain (@BNBCHAIN) July 10, 2025
This action reduced the total supply to 139,289,513.94 BNB tokens. The BNB Foundation announced the completion through its official blog post.
BNB price has responded positively to market conditions, climbing to $672.49 in the past 24 hours. The token gained 1.26% amid strong buyer momentum and increased trading volume.
The price action broke through the key $666 resistance level, which has now been flipped into potential support. Trading volume surged past $899 million during the rally.
Technical analysis reveals an ascending triangle pattern forming on the daily chart. The Relative Strength Index reached 59.91, reflecting improving market sentiment.
Analysts are monitoring whether the token can maintain its breakout momentum. The formation suggests building pressure that could trigger a move toward $733.
Whale Activity and Network Growth
On-chain data from Glassnode shows that the top 1% of BNB addresses control more than 99.9% of the circulating supply. This concentration has increased during recent consolidation periods.
Large holders have been quietly accumulating positions during flat trading phases. Historical data indicates that such accumulation often precedes sustained directional movement.
📊 $BNB Set for a Breakout?
After weeks of sideways action, #Binance Coin #BNB may be ready to move. Here’s why:🔷 Active Users Up – 1.75M daily addresses = real demand
🔷 Whales Accumulating – Quiet buys point to smart money interest
🔷 Bullish Pattern Forming – Ascending… pic.twitter.com/i7BFaCgf0p— Inspired Analyst (@inspirdanalyst) July 10, 2025
Daily active addresses on BNB Chain reached 1.75 million, pointing to steady demand for the token’s utility. The network activity spans decentralized finance, staking, and blockchain-based applications.
Increased participation from retail users, developers, and liquidity providers supports the technical pattern. These metrics contribute to a stronger foundation as BNB attempts to hold above key levels.
Token Burn Mechanics
The BNB Auto-Burn system is designed to gradually decrease the total supply to 100,000,000 tokens. The burn rate adjusts based on BNB’s price and the number of blocks generated on BSC each quarter.
The process operates independently from the Binance centralized exchange and is auditable. Burned tokens are sent to a blackhole address: 0x000000000000000000000000000000000000dEaD.
Recent upgrades called the Lorentz and Maxwell Upgrades increased block production frequency on BSC. This required adjustments to the Auto Burn formula to maintain its intended function.
BNB also employs a real-time burning mechanism based on gas fees. BSC validators determine the ratio of gas fees collected in each block, which burns at a fixed rate.
Since the introduction of BEP95, this mechanism has burned approximately 265,000 BNB tokens. The real-time system operates alongside the quarterly burns.
BNB serves multiple functions within the ecosystem, including transaction facilitation on BNB Smart Chain, opBNB L2s, and BNB Greenfield blockchain. It also functions as a governance token for decentralized on-chain governance.
The token transitioned from the Ethereum Network to BNB Chain following its mainnet launch on April 18, 2019. With the circulating supply fixed at 145.8 million tokens, sustained demand continues to support price movement as analysts monitor for further confirmation of the $733 target.
