Binance completed its 35th quarterly BNB burn on April 15, 2026, removing about 2.14 million BNB from circulation. At the time of execution, the batch was valued at roughly $1.32 billion. With this burn, the total amount of BNB permanently removed has moved past 62 million tokens, more than 30% of the original 200 million supply, as Binance continues to work toward a final circulating supply of 100 million BNB.
Total BNB burned moves beyond 62 million after latest quarterly event
The latest reduction was carried out through Binance’s auto-burn system, which calculates the amount to be removed using BNB price data and blockchain activity. That structure is designed to avoid manual intervention and keep the process tied to network performance. The quarterly total also included about 4,500 BNB from the Pioneer Burn Program, a feature that converts certain user errors into permanent supply removal.
That keeps the token’s deflation model intact. The burn mechanism remains a core part of BNB’s long-term structure, and the source material notes that Changpeng Zhao has repeatedly described it as central to the asset’s value framework.
BNB holds near $622 while traders track key resistance and support
After the burn, BNB traded near $622, showing a relatively stable market response. The supply cut has already taken place, but traders are still weighing broader crypto sentiment and Bitcoin’s influence on risk appetite across altcoins. For now, BNB remains inside a defined range. Volume is the missing piece.
According to the report, resistance stands between $645 and $651, while support is clustered in the $581 to $602 zone. A weekly close below $602 could increase downside pressure and open the way toward the mid-$560s. The $581 level is treated as a more important threshold, with a break below it likely to weaken the case for a near-term recovery.
Moving averages and RSI point to cautious momentum
On the technical side, BNB remains below both its 50-day and 200-day moving averages, keeping momentum in a neutral-to-cautious state. The Relative Strength Index is around 47, which suggests balanced but slightly weak strength. The upper Bollinger Band is also acting as overhead resistance in the current range, so a stronger push higher would likely need clearer volume confirmation.
The source also says that if BNB reclaims key moving averages, momentum could shift toward the $650 to $680 range in the near term. Supply is shrinking already; the next move depends on whether demand starts to match it.