Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
Jackl87
on 16/04/2021, 10:33:04 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

I don't expect a huge price pump due to the burn today because i think that this price pump already happened in the last two weeks. That is similar to "buy the rumour, sell the news" in my opinion, so before an event occurs the price pumps but once the event is there and happening the price is going down most of the times. In this case though i don't think we see a big dump. I expect not to much price movement because of the burn at all. If the price stays relatively stable that would be already a success in my opinion.