Professional / Newswire Style (Bloomberg/Reuters Tone)

BNB Slips Despite $1.63B Token Burn, Faces Resistance Near $1,150
October 28, 2025

BNB, the native token of BNB Chain, declined over the past 24 hours despite the network completing its 33rd quarterly token burn, which removed 1.44 million BNB — valued at about $1.63 billion — from circulation.

The burn, executed by sending tokens to an inaccessible wallet, reduced the circulating supply to roughly 137.7 million BNB as part of the blockchain’s long-term plan to shrink the total supply to 100 million.

BNB traded between $1,122 and $1,154 before settling near $1,137. The move comes even as analysts note the deflationary process supports the asset’s long-term value. “The burn underscores the asset’s structural strength and scarcity, which can drive long-term value creation,” said David Namdar, CEO of CEA Industries, a leading BNB treasury firm.

Shortly after the burn, trading activity briefly spiked, with over 100,000 BNB exchanged within an hour, according to CoinDesk Research. However, the rally faded as the token failed to break above $1,147 resistance.

While support around $1,122 held firm, traders remain cautious. Analysts point to a narrow trading range and lack of upward momentum, suggesting consolidation could persist unless renewed demand emerges to test the $1,150 resistance.