BNB chain has burned<\/a> 1,595,599.78 Binance [BNB]<\/a> tokens worth $1 billion as part of its quarterly disinflation program.\u00a0<\/p>\n Per the network, this was the 32nd burn, and over 60.7 million tokens (about $14.2 billion) have been taken out of the supply. <\/p>\n Since the deflation plan began in 2022, over 30% of the supply has been burned. Only 139,289,513 million is currently circulating.\u00a0\u00a0<\/p>\n Source: X<\/p>\n BNB price doubled, BUT not because of the burns?<\/strong><\/p>\n Theoretically, reducing supply while demand remains the same or surges automatically fuels the value of the token.<\/p>\n To gauge how these quarterly burns have impacted BNB\u2019s price, AMBCrypto layered the disinflation data on the token\u2019s price to get the full picture.\u00a0<\/p>\n Source: AMBCrypto<\/p>\n As illustrated, BNB price fluctuated below $400 in 2022 when the burnt rates remained below $600 million. <\/p>\n However, when burn rates hit over $1 billion for the first time in early 2024, the BNB price also doubled from $300 to $600.\u00a0<\/p>\n But that pattern didn\u2019t hold.<\/p>\n Despite multiple billion-dollar burns since then, BNB didn\u2019t rally proportionally. The most recent burn ($1.02B) in July 2025, for instance, was larger than January\u2019s $916 million, but price gains were comparatively muted.<\/p>\n So, where is the new demand coming from?<\/strong><\/p>\n Per DeFiLlama data<\/a>, BNB chain DEX volume saw significant traction from late 2024 to 2025. In fact, it hit a record high of $170 billion in June, which adds demand pressure for on-chain users.\u00a0<\/p>\n Source: DeFiLlama<\/p>\n So, this on-chain traction could have also fueled BNB price action apart from the supply reduction. At press time, BNB traded at $692, up 15% from the June lows.\u00a0<\/p>\n However, the derivatives market told a more cautious story.<\/p>\n The Options market was somewhat bearish in the short term, with high demand<\/a> for short-dated puts (bearish bets) over calls (bullish bets).\u00a0<\/p>\n Source: Laevitas<\/p>\n Meanwhile, the largest Option volumes of puts (red, long bar) were piled at $700, suggesting it was a key resistance level.<\/p>\n Another level for downside risk was at $660, making it a key short-term level to watch.\u00a0<\/p>\n Beyond $700, the highest volume of calls was at $800, making it a key bullish target if the $700 obstacle is cleared.\u00a0<\/p>\n Overall, BNB chain\u2019s disinflation program positively impacted BNB price alongside its on-chain activity. The $660, $700, and $800 are key levels worth tracking in the near term.\u00a0<\/p>\n \t\t\t\t\t\t\t\t\t\t\tPrevious: PENGU crypto jumps 50% \u2013 Traders, here\u2019s the real support you should watch!<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n![\"BNV](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/BNB-crypto-burn-rate.jpg\"\/)
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