Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
mulia sabee
on 17/04/2021, 16:45:06 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

looks like this is the 15th burn binance has done. the purpose of the burning is to anticipate the fall in lower prices. maybe after this burning is done in the future the bnb price will increase because the token supply is already small and the demand on the market is large. That's why I think the price of BNB will be higher for the future