Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
jacafbiz
on 18/04/2021, 21:45:05 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

The recent price pump in BNB token is as a result of buy the rumour and sell the news, this has been priced into the price again anyone buying expecting the price to go up now is going to lose money short term. I am very bullish on the tokens long term but if you think this burnt is going to affect the price after announcement then you have missed the opportunity