Binance burns 1.4 million BNB tokens, but will it push BNB past $1.5K?

Key Takeaways

How many BNB tokens have been removed from circulation?

A total of 64.26 million BNB tokens have been burned to date.

Can it boost BNB’s value in the long run?

Yes, given other bullish catalysts like treasury demand and growing network activity.

BNB Chain burnt 1.44 million BNB tokens, worth over $1.65 billion, during its latest deflationary move. The burn program, which began in 2017 and is done quarterly, has removed  64.26 million BNB so far. 

Now, there are only 137.7 million BNB tokens left in circulation. At this deflation rate of about 4 million BNB per year, the altcoin could shrink its supply below 100 million in ten years. 

Deflation meets BNB chain activity

With growing partnerships, including bringing countries like Kyrgyzstan on-chain, more activity would lead to more fees. Hence, more burn rate. Perhaps, the supply crunch could accelerate in the next few years. 

Overall, Binance founder CZ has linked the altcoin’s traction to “building and community efforts,” including demand from treasury companies.

Here, one could also draw parallels between BNB and Hyperliquid [HYPE], which also has an aggressive deflationary program. HYPE, by extension, has maintained its moat from its great product and the buyback program. 

Will it keep BNB above $1k?

So far, BNB has held well above the $1k psychological level after rejection near $1,400. Should the previous high be cleared, $1.5k could be the next bullish target. 

It’s also worth pointing out that despite recent weakening, the daily RSI has stayed above average. Similarly, the On-Balance Volume (OBV) didn’t break below its key trendline support in 2025. Taken together, the technical indicators leaned bullish. 

On-chain data also supported the aforementioned bullish inclination. According to Arkham data, the overall on-chain exchange flow has been negative in October. Even the flash crash did not drive a massive sell-off from BNB holders. 

At the time of writing, the average Exchange Outflows were 179k BNB tokens. It meant that more BNB has been moved from platforms to self-custody – A bullish cue. 

The deflationary program, roughly about 4 million BNB per year, growing network activity, and on-chain data, all seem to be leaning bullish so far. 

This could justify long-term investment or holding of the token. However, for traders, short-term factors like macro landscapes and any negative updates could still affect the price action.