Quote from: jacafbiz on April 18, 2021, 09:45:05 PM

Quote from: ImThour on April 16, 2021, 08:58:30 AM

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

Still I don't like that there seem to only be rumors upfront about burning. Does Binance not announce in advance when those burns will approximately happen?