Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
cryptoaddictchie
on 16/04/2021, 10:37:07 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
Hi mate it doesn't really mean a token burn would let the price hike instantly. Yes it is helping in the scarcity of the supply makes the token more in demand but that's not a good basis for a price jump. I dont know but I think BNB is already overbought and still needs retracement. The price jump so much since the start of the year and that's need a healthy retracement.