Binance has executed its 32nd quarterly Binance Coin (BNB) token burn, eliminating 1,595,599.78 BNB (worth approximately $1.024 billion) from circulation on July 10, 2025. This brings BNB's total supply down to 139,289,513.94 tokens, advancing toward Binance's long-term goal of reducing supply to 100 million BNB.
The burn utilized Binance's automated Auto-Burn algorithm (formula: B = N * 1000 / (P + K), where N represents blocks produced, P is BNB's average price, and K is a constant anchor value. Recent BNB Smart Chain upgrades accelerating block production necessitated formula adjustments to maintain deflationary targets.
Market analysts highlight significant whale accumulation and an emerging ascending triangle pattern, with resistance near $700. Inspired Analyst notes sustained support above $635 could propel BNB toward $733. On-chain metrics reinforce bullish sentiment: BNB Chain leads in DEX volume ($9.7B/24hr), hosts $10.5B in stablecoins, and consistently records over 2 million daily active addresses, peaking above 3 million.
Following the burn, BNB traded at $672.7, testing key resistance at $690-$700. Technical analysis indicates consolidation above $650 may trigger further upside, supported by growing network adoption and institutional interest, including 10XCapitalUSA's BNB treasury initiative targeting public listing.