BNB burns $1.2 billion, resistance at $750 key for next price move

BNB, the native token of BNB Chain, traded between $730 and $745 in late October 2026 after briefly touching $750. While investors and analysts monitor whether BNB can surpass its multi-month range’s upper boundary, the latest quarterly token burn has added a fundamental element to the ongoing technical debate. BNB Chain, a blockchain platform developed by Binance, completed its 37th quarterly auto-burn on October 19. The burn permanently removed 1,646,196.44 BNB tokens, valued at roughly $1.197 billion at that moment, from circulation. Following the burn, the BNB Foundation reported the remaining total supply had decreased to 131,512,085 tokens. This auto-burn is part of BNB’s broader plan to reduce its total supply to 100 million tokens.

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