Binance’s BNB Token Burn Could Boost Its Price as High as $230

Published 16/10/2023, 17:09
Binance’s BNB Token Burn Could Boost Its Price as High as $230
BNB/USD
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Coin Edition -

  • Binance shared on X today that 2.14 million BNB tokens have been burned.
  • This announcement could be what fueled BNB’s 24-hour price increase of 2.84%.
  • BNB’s technicals also suggest that the utility token’s price could experience a boost in the next few days.

The largest cryptocurrency exchange, Binance, announced in an X post today that it has completed the twenty-fifth quarterly Binance Coin (BNB) burn. According to the post, about 2.14 million BNB have been burned. The burned tokens are worth approximately $453,506,792 and account for about 1.38% of the total supply.

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