2024

Million

Foundation

Coin

<ul class="news-points"> 
 <li><strong>BNB’s recent token burn removes $971M worth, impacting supply and potentially boosting value.</strong></li> 
 <li><strong>BNB consolidates between $590-$600, with key resistance at $600 and support at $585.</strong></li> 
 <li><strong>RSI at 57.94 indicates neutral market, while MACD suggests short-term bullish momentum for BNB.</strong></li> 
</ul> 
<p>The BNB Foundation recently completed its 28th quarterly BNB token burn, a significant milestone for the BNB Chain. As reported by Colin Wu, this burn removed 1,643,698.8 BNB from circulation, valued at approximately $971 million. The burn amount is adjusted based on the BNB price and the number of blocks generated on the Binance Smart Chain (BSC) during the quarter.</p> 
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   <p lang="en" dir="ltr">The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain. Total BNB burned is 1,643,698.8 BNB, worth ~$971M. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter.…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1815264721265959302?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 22, 2024</a>
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<p>Currently, BNB is trading at <a href="https://coinmarketcap.com/currencies/bnb/" target="_blank" rel="nofollow">$593.10</a>, with a market capitalization of roughly $86.55 billion, a slight 1.05% decrease over recent days. However, trading volume has surged by 23.73% to $1.90 billion, signalin…</p>
<p>The post <a href="https://coinedition.com/bnb-foundation-burns-971-million-in-tokens-price-holds-steady/">BNB Foundation Burns $971 Million in Tokens, Price Holds Steady</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BNB Foundation Burns $971 Million in Tokens, Price Holds Steady

Coin Edition

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