1 Million BNB Burnt today

[7788bitcoin]

Don't believe too much in events like this, trust the price line. Binance announced their next BNB burn just in time before the event. The decrease in BNB's price is the correction of the whole market. There are many discounted cryptocurrencies not only BNB.
In my experience, take profits before a project event happens. Perhaps many people took profits before BNB was burned.

When you look at logic when there is millions of coins burned it should reflect in the market and if the argument of the entire market going down might have caused the price to go down then it is a valid point as the BNB market was rallying for quite some time and it is not a big surprise we are seeing a minor correction and we might see the affects of the burned coins during the next pump.

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[junkerr]

Maybe it could go as high as $1000. But as it goes, there seems to be a slow down and a dip came.

You don't expect the effect of it to come after the burn that just happened. BNB burning will lessen the supply and we're all aware that if there's a lesser supply in the market.

It will make the demand and price to shoot up.

don't worry about this drop. we all know how BNB's assets will be in high demand in the future. despite the downturn and not what we expected in the current burn, we will see it make improvements in the future. just enjoy the current market for better investment planning. wait for bitcoin to strengthen, we'll see BNB in action.

[Princejebs]

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

Those who are in for short gain are pulling out and again, bitcoin whales are selling off because of the imminent correction on the weekly time frame Macd indicator.
When you picture it clearly from very first burn until now, binance never sleep. And it they don't, expect bnb price to keep soaring at any fundamental news.
Binance want to lead in every aspect of crypto, including defi that's why they quickly listed yearn finance on its first listing before the defi boom including farming of token as as well as liquidity.
Bnb is good for long term and not to be traded by a juvenile.

[Viscore]

I’ve heard about this news today and the hype is already circulating in social media but I don’t think it can affect the price today as we’ve seen pullback on the market.

The previous hype might be intentionally done by CZ because this burning, its hard to tell when will the market reacts on this but for now, let’s just see the price going down and wait for the right price to enter again, the future is still huge for BNB.

The impact on the market not seems too bad this time but not sure in the coming days. I expected panic selling for this especially for the weak holders so possibly dump will surely we have to see. I hope this never happens but we can't stop weak hands people acted like that.

Definitely, it gives a way for investors to accumulate more BNB if that be going to happen and this also helps for the faster recovery which most of the holders worried about.

[Sendi blackspade team]

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

This news is very busy talking on social media this time, we will never know when Binance buys more tokens to burn, for now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.

[sadewa69]

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

This news is very busy talking on social media this time, we will never know when Binance buys more tokens to burn, for now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.

The community gets the news that there will be a BNB coin burning this month. that's what made the increase happen. and it is truly extraordinary.
Unfortunately, when the burning moment occurred, the market was correcting. that's what made the response from BNB and BTC holders also securing their assets. I think now is the time for them to come back because BTC has started to stabilize the market price. and it will be a good time for altcoins like BNB to make another move.

[litepool.ru]

Well the news has been announced for a long time and if I realized it, I think most people bought it and kept it at a good price, BNB has a way to get people to come to them. Given its current level of growth and potential it is fully believed that by the end of the BNB bull season it will be possible to surpass $1000.

[Sithara007]

1 million is very significant, given that the entire circulating supply is only 154 million. And this makes BNB unique when compared to other altcoins such as XRP and DOGE. I don't think that a lot many of the altcoins have this decreasing supply algorithm, similar to what they have in BNB. It benefits the users in the end, as the burn events increase the value of the remaining coins. And the impact can be seen in the exchange rates as well. BNB is holding on, despite the disappointing NASDAQ listing by Coinbase.

[asriloni]

now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.

The impact from the token burn already happened since last months and I think that you must watch monthly chart and that was showing what impact that already made caused by this burn.
The IEO was also making the price of BNB goes crazy right now.
I think that the dump that is happening recently just another correction. Remember that the burn will give a long term impact.
Binance will also try to create more and more innovation as well. The impact from the burn has been making binance goes from 200 to the 500

[triat]

this is cool news. The price after these planned token burnings will only go up. I think that we will surprise the price tag of several thousand dollars very soon.

[Iceblast]

maybe the effect of the increase in BNB can be seen in the future, because the BNB market is very large, they when burning a large number of tokens cannot immediately increase the price. So I think this burn is the initial stage for BNB to go higher in the future

[Rampagoe004]

Since the burning of BNB is so big some time ago but at the moment the price movement has not also happened to a better number, what happens with BNB today we have to wait for the next surprise until this year BNB can reach the new ATH, and I am sure BNB will rival ethreum in the second place for the future especially since the existence of the BSC network that has been relied on in coin transactions.

[TheGreatPython]

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?

Are you kidding? That is half of billion dollars? Even they are not doing this, I am sure BNB will keep going with bull run as it got many real world applications. Honestly I somehow could get their intention for burning this much amount of BNB coins. Yes, in some sense, we need to understand it like binance is caring about its investors and to get them best possible benefits, they are doing this kind of other activities which are always leading to assured appreciation of coins.

I read binance's sister concern wazirx also burning some multiple of its exchange token to fire up its rally. Already wazirx token is on good rally like BNB coin. I guess binance is dominating in crypto space by all these.

[Anonylz]

The community gets the news that there will be a BNB coin burning this month. that's what made the increase happen. and it is truly extraordinary.
Unfortunately, when the burning moment occurred, the market was correcting. that's what made the response from BNB and BTC holders also securing their assets. I think now is the time for them to come back because BTC has started to stabilize the market price. and it will be a good time for altcoins like BNB to make another move.

It is the game of by the rumor sell the news thing, immediately the next bnb burn was announced it trigger a huge buy movement, lots of investors where already buying bnb prior to the actual burning time and sell to take profit few days to the event, reason why even when the burn has occurred it won't take effect on price immediately, this will occur slowly,
Am guessing the correction is done and probably another opportunity to buy before the next price movement.

[meldrio1]

Really they already burned it? but the price still around $500.. seems it's not yet effective, I thought it will pump after they burning it. Maybe let's just wait a little bit who knows anytime it will pump suddenly. I believe burning tokens will increase the price.

[Sagaris]

Demand and price seem to rise.

Do we see the $1000 levels? I do not know.

[ijeb]

I think there will be slight gains but in about a week or two we should see the graphs at around $506.44 for a longer period. It also depends a lot of how monthly BTC candle will be closed.

[Rafiqul]

Really they already burned it? but the price still around $500.. seems it's not yet effective, I thought it will pump after they burning it. Maybe let's just wait a little bit who knows anytime it will pump suddenly. I believe burning tokens will increase the price.

I totally agree with you about the burning of BNB. If the burning of BNB is effective then its price should not be such a big correction. On the contrary, in the last few days, the price of BNB has been revised down to $100. However, my expectation is that if the issue of burn is implemented, BNB will pump again very soon and it will reach $1K.

[3trix]

I think binance i playing a dirty game that no one can understand yet
But nothing stay hidden for every under the sun
Just saying

[MCobian]

Although the burning of BNB in large numbers has been done, the results were far from what was expected. The price did not go up drastically
as predicted by many people, it may increase or the effect is slow. I also don't understand what's wrong with BNB, I'll just try HODL first, the BNB I have,
while looking at the development of BNB in the next few weeks. I'm sure BNB will rise in the near future, sometimes we just have to be a little patient.