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  3. BNB Price Doubles but Burns Aren’t the Only Factor

BNB Price Doubles but Burns Aren’t the Only Factor

BNB burns $1B in tokens, but rising on-chain activity may be the real driver behind the recent price surge.

BNB Price Doubles but Burns Aren’t the Only Factor
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BNB Price- Burn Impact and Options Market Insight

BNB Price– The BNB Chain just completed its 32nd token burn, permanently removing 1.59 million BNB (worth over $1 billion) from circulation. This brings the total burn tally to 60.7 million tokens, or nearly $14.2 billion, since the deflationary plan launched in 2022.

Now, only 139 million BNB remain in circulation—over 30% of the total supply has been burned. But here’s the twist: BNB’s recent price rally may have little to do with the burns.

Burn Rate Hits $1B+ Again, But Price Impact Slows

Back in early 2024, when BNB’s quarterly burn crossed $1 billion for the first time, the price surged from $300 to $600. Naturally, investors assumed a supply shock was driving the rally.

However, that narrative didn’t hold up over time. In July 2025, another $1.02B burn occurred—but price gains were far more muted, even with a similar burn size.

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BNB Price Doubles but Burns Aren’t the Only Factor

Real Demand May Be On-Chain

According to DeFiLlama, BNB Chain’s DEX volume soared, hitting $170 billion in June 2025. This on-chain growth may be the real driver behind BNB’s strength—not just supply cuts. At the time of writing, BNB trades at $692, up 15% from June.

BNB Price Doubles but Burns Aren’t the Only Factor

Options Market Cautions at $700

BNB Price Doubles but Burns Aren’t the Only Factor

Still, the derivatives market shows caution. Options data reveals heavy put activity at $700, suggesting a key resistance zone. Short-term downside risk lies at $660, while a clean break above $700 could open the door to $800.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.

BNB Price Doubles but Burns Aren’t the Only Factor

BNB Price Doubles but Burns Aren’t the Only Factor
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