1 Million BNB Burnt today

[H1N1]

Actually, the pump was happening when Binance buying the coin before they burn it.
They must be accumulating the BNB over time before they announce that they burned the coin.
So, i think BNB coin won't pass its ATH for now, but the next burn will.

[Gheka]

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.

I think we need to be patient as the efficiency of this process will be relatively slow because the value of BNB is no longer two digits, it is three digits and the future chance will be four digits, for every ladder it hits, it all will require a strong enough accumulation for it to increase rapidly. Today's burning event is just a form of advertisement to talk about the scarcity of BNB, this source of information will be a valuable opportunity for investors to buy more, BNB only needs a few more boosting factors, we will very quickly see the dramatic change in BNB.

[Mpamaegbu]

The burn is already done? Why is the price keeps dropping then?

It goes to show that a lot of sells going on in the crypto space are done ignorantly on bandwagon effect. Investors sell because others are selling.
Otherwise, how does one explain the fact that burning of a coin just happened and people are selling off when they're supposed to keep hodling their coins in expectation that a surge will definitely happen?

Truth is that most investors don't go through the fundamentals to find out what is in the news. All they do is watch the reaction of others to price and follow their lead sheepishly. Whenever they find out that price is dumping, they panic and sell off without knowing why others are selling in the first place. Veteran investors will buy BNB on this news of burnt coins because sooner or later the effect will reflect on the price of BNB. This won't go beyond next week before price shoots up again. Who knows, we may see $1,000 with this next rally coming up.

[mulia sabee]

Hey,

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?

Would love to know your feedback

looks like this is the 15th burn binance has done. the purpose of the burning is to anticipate the fall in lower prices. maybe after this burning is done in the future the bnb price will increase because the token supply is already small and the demand on the market is large. That's why I think the price of BNB will be higher for the future

[Farma]

Well, since the burning, there hasn't been any significant change from BNB, right? even now the price is back closer to $ 500. however, it can strengthen the current price. I think the price of BNB will go up in the near future because the burning of coins is quite a lot.

[kak uli]

maybe Binance wants a higher price in the future so they have to reduce their token supply. thus BNB will be a little scarce and make the price higher because many need it. I think that's the reason they burned 1 million BNB.

[Ulven]

Hey,

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?

Would love to know your feedback

Yes, the price of the bnb currency will rise after a million tokens have been burned, but not in record time. You must be patient! During the past two years we have witnessed a remarkable improvement of the Binance platform through the development of its services. I also believe that the inclusion of stock trading will open wide horizons and the joining of more investors, this will contribute to the rise in the price of its currency!!!

[Roidz]

maybe Binance wants a higher price in the future so they have to reduce their token supply. thus BNB will be a little scarce and make the price higher because many need it. I think that's the reason they burned 1 million BNB.

As far as I know, burning BNB tokens has become one of the agenda of activities that are carried out almost every 3 months and this is done to reduce the number of BNB coins in circulation so that it can encourage the increase in BNB prices in the market, so it's no wonder that currently BNB prices continue to rise because indeed the supply of coins is decreasing, and to my knowledge Binance has also burned 3,691,888 BNB in ​​January 2021 and according to the news circulating that Binance will continue to burn their coins, the remaining 100 million BNB or about 50% of the total available supply.

[MUG1WARA]

The burn is already done? Why is the price keeps dropping then?

Burn has been done and prices are still going down. You should be aware that we all don't know when Binance buy back tokens to burn. So even though currently the token has been burned, it will not affect the price.
Because it could be that yesterday BNB went up high is the effect of the buyback

I think price is down because bnb pumped alot last week, so it's still correcting, maybe when it's done with the correction, then the 1 million burnt bnb hype will start then we might see bnb pumping insanely again, now seems like the best time to buy before it starts pumping crazily cause buying the dip is always a good way to make profit, but as usual our emotions won't let us and later we'll regret not buying bnb at the current price now.

[ololajulo]

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

BNB had around 8 or more burn in the bear market and there was no immediate response for most of the burn, however, Like CZ binance tweeted it took just 3 months to achieve more than 12x in price. BNB asides ETH as exchange coin has the higher used cases, the growing BSC decentralized exchanges, Initial Exchange offering and blockchain adoption is showing a remarkable impact in the bull market

[Amejoaquim]

After this burnt i think the price of this coin gonna be sideway for a momment or maybe it can be drop in the next month because of the US TAX.

But i still believe BNB can reach $1k in the end of this year.

[santiPOGI]

Hey,

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?

Would love to know your feedback

1million BNB burned is a very large amount in total actually, where most of the holders for sure are expecting increase in terms of its price value, but why the price a couple of hours ago was dumping the price,in which is really astonishing for the holders like me, but even is like that, I know fpr sure that it will spike the value at any moment, just hold.

[MadeMen]

Desk the fact that there was a recent burn, the value of bnb has not experienced any substantial increase, I believe it's because the Market is quite saturated and there needs to be a pull back. Bnb has been on a steady increase and there's no doubt that the market correction may come soon.

[Twinkledoe]

Desk the fact that there was a recent burn, the value of bnb has not experienced any substantial increase, I believe it's because the Market is quite saturated and there needs to be a pull back. Bnb has been on a steady increase and there's no doubt that the market correction may come soon.

The supposedly increase in price didn't happen. Maybe the impact is not yet seen today, but in the next coming days. But such amount is really huge already. And if they will continue doing this, their value will really get high. They are already in the 15th burn and see how much they are now today. Very lucky for those who are holding BNB, even at the start of the year, it was only about in the $40s level.

[RondoAnyar]

The burn effect is felt until now BNB has experienced a very hard surge. this is possible that BNB can become one of the top altcoins that have good potential in the future and can compete with ETH in the altcoin position

[ragavancoin]

We have more examples coins are pumps after some millions coins has been burned and Same thing Will be applied to BNB also but there is more chance to BNB coins because the BSC and other things are helping more i hope BNB will be reach 1k soon.

[poodle63]

Actually, the pump was happening when Binance buying the coin before they burn it.
They must be accumulating the BNB over time before they announce that they burned the coin.
So, i think BNB coin won't pass its ATH for now, but the next burn will.

That actually makes a lot of sense and binance's BNB burning was exactly using buyback method which means they are buying coins off the market that cause market pump before the burning actually done and it's quite different to some of other altcoins that burn from tokens that were allocated for development team or airdrop etc. If any, I could guess that the buyback of BNB was done when CZ trying to shill for his own coins hard and says that the price gonna surpass ETH but I think right now BNB already past its bullrun and probably gonna head to bearish market since I've seen in various discussion people have been calling it as overvalued etc or the price will just doing sideways for few months and then continue to pump due to the frequent burning.

[iv4n]

We have more examples coins are pumps after some millions coins has been burned and Same thing Will be applied to BNB also but there is more chance to BNB coins because the BSC and other things are helping more i hope BNB will be reach 1k soon.

That $1k is coming, I believe in that too! Simply Binance is doing so much, they are so active in all fields! As we can see, even with this rise, they don't have problems with stuck transactions, and transaction fees. From time to time they are burning coin, they make a supply lower and lower, and demand is getting higher! I would say it's a good recipe for the future price rise!
It's not like BNB is not in a bullish trend for quite some time, and by looking at what they do, that bullish trend will not end so soon!

[lxiaoh]

I know, the answer is corpses strew the crypto field,haha. That is very irony, is it right. When everybody thoughts BNB burning is a good news for crypto market.
But this is the charm of the crypto, no one can peidict.

[Jaered]

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

Usually traders sell up some assets to buy BNB as the burn approaches, anticipating a price pump. Once the burn happens, those traders sell up at a process(thus the dump) and buy up their assets probably bitcoin