Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
JeffBrad12
on 16/04/2021, 10:05:37 UTC
Hey,

If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?

Would love to know your feedback
IMO, the burn will give a long-term impact. I don't expect there will a big pump after this.
The next IEO will bring binance toanother FOMO again. People have been starting to sell their BNB due to the news about the burn and bearish trend that is happening with bitcoin.

Another correction for BNB will come.

The burn is already done? Why is the price keeps dropping then?
that's a common thing in crypto. people buy the rumor and they will sell for the news. This is the best time for those to take their profit from the market.