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Binance Just Burned $1.32 Billion Worth of BNB Crypto in a Single Day: Is a Break Above $650 Next?

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Binance Just Burned $1.32 Billion Worth of BNB Crypto in a Single Day: Is a Break Above $650 Next?

Binance executed its 35th quarterly BNB crypto burn on April 15, 2026, permanently removing approximately 2.14 million BNB, worth roughly $1.32 billion at prevailing prices, from circulation in one of the largest single deflationary events in crypto history.

BNB crypto is currently trading around $622, holding steady as traders digest the burn’s supply-side implications.

The burn was executed via Binance’s Auto-Burn mechanism, an on-chain formula that calculates destruction amounts based on BNB’s price and BSC block output, removing human discretion entirely.

The quarterly total also included approximately 4,500 BNB from the Pioneer Burn Program, which converts user wallet errors into deflationary events.

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With this burn, Binance has now eliminated over 62 million BNB, surpassing 30% of the original 200 million supply, as the protocol targets a hard cap of 100 million tokens.

Source: BNB On X

Former CEO Changpeng Zhao has consistently positioned the burn mechanism as BNB’s core value-accrual engine — and the numbers are starting to reflect that thesis in the supply curve.

The broader market is watching BNB closely amid consolidating altcoin momentum, with Bitcoin price action setting the tone for risk appetite across the top-cap space.

Whether this burn event catalyzes a breakout or simply confirms a range depends entirely on where BNB holds into the weekend.

Can BNB Crypto Price Hit $650 Before April Closes?

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BNB is consolidating in the $621–$624 range, trading below both its 50-day and 200-day moving averages, a technical setup that signals neutral-to-cautious momentum rather than outright bullish conviction. RSI sits at 47.39, technically straddling the midline but leaning toward the soft side.

Volume has not yet confirmed a breakout.

Key resistance is clustered at $645–$651, with $651 representing the Bollinger Band upper boundary — a level MEXC analysts identify as the critical ceiling for an end-of-April target.

Source: Tradingview

Support sits in the $581–$602 zone; a weekly close below $602 would likely trigger a more significant pullback toward the $560s.

BNB is sitting at that typical turning point where sentiment and structure need to align, because if the post-burn momentum actually brings volume back and price reclaims the 50-day average, that is where a move toward the $650 to $680 zone starts to look realistic.

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Right now, though, it still needs confirmation, because without that reclaim, it is just a bounce, not a trend shift.

The key level below is $581, and if that breaks, the whole recovery idea weakens quickly, opening the door to $540 while the market waits for clearer regulatory direction.

Maxi Doge Targets Early-Mover Upside as BNB Tests Key Resistance

BNB at $621 is a solid hold, but with a market cap already deep in the tens of billions, the math for a 10x from here requires either a full bull-market rip or years of patient accumulation. Traders chasing asymmetric returns are increasingly rotating toward early-stage assets where the supply curve hasn’t yet been discovered. That rotation has a name right now.

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Maxi Doge (MAXI) is an ERC-20 meme token built around a single, aggressively specific identity: a 240-lb canine juggernaut embodying the 1000x leverage-trading mentality.

“Never skip leg day, never skip a pump.” The presale is live at $0.0002813 per token, with $4,737,520.41 raised, momentum that signals genuine community traction, not a ghost launch.

Staking is available with a dynamic APY for holders, alongside holder-only trading competitions with leaderboard rewards, and a dedicated Maxi Fund treasury that manages liquidity and partnerships.

The meme-first marketing leans hard into gym-bro viral culture, which (whether you find it ridiculous or not) has a proven track record of moving retail capital at this stage of the cycle.

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Presale tokens carry significant risk, liquidity, lock-up terms, and post-launch execution, all of which warrant independent due diligence before committing capital.

Research Maxi Doge here.

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025

The post Binance Just Burned $1.32 Billion Worth of BNB Crypto in a Single Day: Is a Break Above $650 Next? appeared first on Cryptonews.

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Crypto World

Crypto Funds Post $1.4B Inflows as BTC Almost Touches $78K

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Crypto Funds Post $1.4B Inflows as BTC Almost Touches $78K

Cryptocurrency investment products logged another week of strong inflows on ceasefire optimism and a Bitcoin price breakout driving investor sentiment.

Crypto exchange-traded products (ETPs) posted $1.4 billion in inflows last week, beating the prior week’s $1.1 billion and marking the second-largest weekly inflows since January, CoinShares reported on Monday.

Following the three-week inflow streak totaling $2.7 billion, crypto ETPs now have net year-to-date inflows of around $3.8 billion, with assets under management (AUM) at $154.8 billion — the highest level since early February after dipping to as low as $128 billion in March.

The uptick in crypto funds has likely been driven by a recovery in risk appetite on US-Iran ceasefire extension talks, CoinShares head of research James Butterfill said.

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The sentiment was further reinforced by Bitcoin (BTC) nearly touching $78,000 on Friday, according to CoinGecko.

Ether funds turn positive year to date

Bitcoin led last week’s ETP gains by a significant margin, with inflows totaling $1.12 billion. The gains brought year-to-date inflows to $3 billion, with AUM at $123 billion.

The majority of gains were contributed by US spot Bitcoin exchange-traded funds (ETFs), which posted $1 billion in inflows last week.

Ether (ETH) investment products also picked up with $328 million inflows in its strongest week since January, finally lifting the ETPs into green year-to-date with $197 million inflows.

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Crypto ETP flows by asset (in millions of US dollars). Source: CoinShares

Still, altcoin ETPs, including XRP (XRP) and Solana (SOL), recorded negative flows, with XRP leading the outflows at $56 million. Solana recorded minor outflows of $2.3 million.

Short-Bitcoin products saw a modest $1.4 million of inflows, suggesting residual but limited hedging demand.

Regionally, the US dominated the surge with $1.5 billion of inflows, while Germany ranked second with just $28 million of inflows. Switzerland saw the largest redemptions last week, with outflows totaling $138 million.

Addressing the implications of recent economic data, CoinShares’ Butterfill suggested that March’s Consumer Price Index (CPI) increase of 3.3% appears to have been largely looked through by markets, with core CPI at 2.6% seen as relatively contained, pointing to inflation pressures that remain more supply-driven than broad-based.

Related: Bitcoin erases weekend gains as US-Iran ceasefire faces pressure

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Nomura’s Laser Digital echoed that view, telling Cointelegraph that backward-looking macro indicators currently offer only limited insight while conflicts continue to affect supply chains and spending patterns.

“Delayed indicators like CPI and PMIs mostly reflect past conditions rather than the current situation,” Laser Digital said, adding that the outlook remains “cautiously optimistic.”

Bitcoin Price, Iran, CoinShares, Ethereum ETF, Bitcoin ETF, ETF
The Crypto Fear & Greed Index. Source: Alternative.me

Sentiment improvement was also reflected in the Crypto Fear & Greed Index, which moved from “extreme fear” to “fear,” with the score rising above 29 on Monday for the first time since Jan. 29.

Magazine: Bitcoin ‘on track’ for $90K, ETFs pull in nearly $1B: Hodler’s Digest, April 12 – 18