Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
cryptomaniac_xxx
on 16/04/2021, 11:09:41 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
It doesn't mean automatic price increase, BNB has been doing very good even before the burnt, so we don't know if those guys have anticipated the price will increased prior to the burnt that's why there's no more pump in the price. Usually this is what happens to other coins that has the same protocol. Investors are wise enough enough to get it early and then wait for the actual burnt date. In short, the burnt price is already in.