Binance Coin (BNB) is currently trading around $930–$935 USD, showing a slight dip of about 0.5–0.8% over the last 24 hours amid broader market consolidation. The token has held firm above the key $900–$920 support level in recent days, with trading volume remaining elevated.
The major highlight kicking off 2026 has been BNB Chain's 34th quarterly token burn (completed around January 15), which permanently removed approximately 1.37 million BNB (valued at roughly $1.27–$1.29 billion at the time) from circulation. This reduces the circulating supply to about 136 million BNB and continues the deflationary mechanism tied to Binance ecosystem fees and activity.
Technically, BNB is testing resistance near $937–$955, with mixed signals: some analysts see potential for a push toward $1,000+ if it breaks out (especially after the recent Fermi hard fork upgrade improving BSC throughput), while others note bearish pressure if it fails to hold. Institutional developments like Grayscale's BNB ETF filing add long-term bullish sentiment.
Overall, the burn event provides strong fundamental support, but short-term price action remains range-bound pending broader crypto market direction (Bitcoin hovering near highs). BNB continues to benefit from its utility in the massive Binance ecosystem.
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