BNB Chain burns $1.2 billion, but can BNB price reclaim $750?

BNB Chain has completed its 37th quarterly token burn, removing 1,646,196.44 BNB worth approximately $1.197 billion as the cryptocurrency trades near $725 and continues struggling below key technical resistance. Summary BNB Chain completed its 37th quarterly burn, permanently removing approximately 1.65 million BNB from circulation today. The burn’s $1.197 billion valuation exceeded July’s total, while the token quantity increased approximately 1.88%. BNB ranks fourth by market capitalization, trading near $725 despite continued weakness in technical momentum indicators. BNB’s remaining supply stands near 131.51 million, leaving approximately 31.51 million tokens above its long-term target. Technical indicators identify 700–703 as immediate support, with buyers facing resistance around the 750–752 region. According to the BNB Foundation’s October 19 announcement, the burn took place directly on BNB Smart Chain and reduced the reported total supply to 131,512,085 BNB. The foundation recorded the figures at 10:05 a.m. UTC, with the network continuing its supply-reduction program toward 100 million tokens. At press time, BNB traded at approximately $725.45, gaining around 0.5% in 24 h...