Binance has executed its 35th quarterly BNB token burn, removing a massive 2.14 million BNB from circulation. The tokens were valued at approximately $1.32 billion at the time of the burn on April 15, 2026, ranking it among the largest deflationary events in the crypto market.
The burn was conducted via the platform's auto-burn system, which calculates the removal amount based on BNB price and blockchain activity, eliminating manual input. This latest event pushed the total burned supply beyond 62 million BNB, exceeding 30% of the initial 200 million token supply. Binance continues to target a final circulating supply of 100 million BNB.
Despite the significant supply shock, the BNB price held relatively steady near $622 following the announcement. The token's price action remains below its 50-day and 200-day moving averages, signaling cautious momentum. Technical analysis points to key resistance between $645 and $651, with support established in the $581 to $602 range. A break below the $581 level could increase downside pressure.
The long-term deflationary strategy, consistently emphasized by former CEO Changpeng Zhao, remains a core part of BNB's value proposition. With the current circulating supply at approximately 134.78 million BNB, and a burn rate of around 1.5 million tokens per quarter, the path to the 100 million target could extend toward 2032.
