Binance Burns 1.59 Million BNB Tokens in 32nd Quarterly Burn Event – $700 Breakout Next?

Binance, through the BNB Foundation Foundation, successfully completed the 32nd quarterly event token for BNB cryptocurrency.

The Burn 10th July took place exactly at 07:29:06 AM UTC, which excluded $ 1,595,599,78 BNB chips from circulation worth approximately $ 1.07 million based on an average BNB price of $ 660.16.

It is remarkable that despite the substantial volume of burned chips, the transaction fee was only 0.0000021 BNB (equivalent of $ 0.00111).

BNB automatic combustion algorithm destroys a quarterly 1.02 B $: how it works

Quarterly BNB The burning mechanism works on a regular schedule, and the previous Burn event appears in April, when the tokens were permanently removed from the offer worth more than $ 1.02 billion.

32. Quarterly $ Bnb Token Burn was completed directly on BNB Smart Chain (BSC).

1 595 599.78 BNB was burned.

View Burning Details https://t.co/zpd8exfhpe pic.twitter.com/2LS3peqwyj

– BNB Chain (@bnbchain) 10th July 2025

The traditional manual burning process has been replaced by the BNB automatic combustion system, which determines the amount of burns based on the BNB market price and the number of blocks generated during each quarter. This automated system ensures compliance with the established quarterly burns time.

The Calculation Calculation is followed by a formula B = N * 1000 / (P + K), where “N” represents the total number of blocks produced, “P” indicates the average price of BNB and “K” serves as the value of anchor constant price, originally set to 1000.

However, after a recent Upgrade of Lorentz and Maxwell networkThe BNB (BSC) intelligent chain now generates blocks at accelerated speed compared to when the Auto Burn formula was first implemented.

This improved production of blocks required adjustments to the formula parameters to maintain the original concept and maintain consistency with the intended purpose of the system.

Of the original 202 million BNB offers, more than 62.7 million chips were burned, resulting in a circulation offer of 139.28 million chips.

The BNB chain continues to take measures to reduce the offer within its strategic plan to achieve 100 million BNB tokens, which places it among the most deflationary networks of the blockchain layer 1.

Whales accumulate as BNB Eyes $ 733 Target

Since the tokens burn usually create an increased deficiency and potentially appreciation of prices, market participants expect a BNB breakthrough above the level of resistance $ 655 towards Prague $ 700.

The “inspired analyst”, a prominent analyst of bitcoins and altcoins, has seen a permanent whale accumulation in BNB and identified a bull ascending formula that is created with a potential escape of around $ 665.

$ Bnb Set to escape?
After weeks of action to the party, #Binance Coin #Bnb can be ready to move. Here’s the reason:

Active users up – 1.75 m daily addresses = actual demand
Whale accumulation – silent purchases show intelligent money
Formation of the Bull Pattern – ascending… pic.twitter.com/i7bFacgf0p

– Inspired analyst (@inspirdanalyst) 10th July 2025

The analyst predicts that if BNB maintains support over $ 635, it is reachable rally towards $ 733.

In addition to whale activity, which maintained the daily volume of BNB trading over $ 1 billion, the use on the chain is constantly expanding.

Over the past 180 days, active addresses have shown consistent growth and recorded several days with more than 2 million active addresses and occasionally exceeded 3 million.

The BNB string is rising quietly

Over the past 180 days, active addresses have increased constantly – they hit several 2m+ days and even increased over 3 m.

Despite noise, use is increasing. Do not change the builder pic.twitter.com/sosrpcsjbb

– Nansen (@Nansen_ai) 8 July 2025

Similarly leads the BNB string at 24 -hour decentralized exchange (Dex) volume of trading with more than $ 9.7 billion They significantly overcome Ethereum and Solana, which on average approximately $ 2.4 billion.

Stablecoin activity in the network has also intensified, with a market capitalization of about $ 10.5 billion and founded BNB as the fourth largest blockchain Stablecoin Holdings.

Battle of Resistance 700 $: Technical Analysis shows “New High” Zone

The 6 -hour BNB/USDT chart on Kucoin shows robust bull momentum with a number of ascending triangles and consolidation phases that have consistently resulted in ascending rupture.

After recovering from the correction at the end of June, the price has developed another triangular formation and is currently progressing into a fresh ascending channel, which successfully violates the resistance barrier of $ 650.

The price is close to the critical resistance zone between $ 690 and 700, which corresponds to the upper limit of the channel and the previous rejection area marked as “new high”.

Recurrent bull patterns continuation along with the phases of consolidation, followed by escapes suggest that BNB may soon test this zone of resistance soon, with the potential for further movement up, if current momentum persists.

@10xcapitalusa they run $ Bnb Treasury Company supported @Yzilabs Focusing on American public extract, because the adoption of enterprises explodes beyond the strategies only bitcoins to the BNB ecosystem.#Bnb #Treasuryhttps://t.co/oayewjogv

– Cryptonews.com (@cryptonews) 10th July 2025

Overall, the market structure maintains its bull character, and the price action indicates an immediate attempt to question the level of $ 700 in the near future, which is conditional on maintaining support over $ 650.

Contribution Binance Burns 1.59 million BNB tokens in 32. Quarterly Burn event – $ 700 Breakout Next? He appeared for the first time Cryptonews.

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