Binance Coin (BNB) Price: Quarterly Token Burn Removes $1.2 Billion Worth of Tokens

TLDR

• BNB Chain completed its 34th quarterly token burn on January 15, 2026, removing 1,371,803.77 BNB worth approximately $1.27 billion from circulation.
• The burn reduces total BNB supply to 136,361,374.34 BNB as part of the foundation’s long-term deflationary plan to reach 100 million total supply.
• BNB price trades above $940, showing a 5% increase over the past week while testing resistance at $950.
• Technical indicators show RSI at 64.36 approaching overbought territory with MACD displaying positive momentum and green histogram bars.
• Futures Open Interest dropped to $1.57 billion from $1.6 billion, down from the October 8 record high of $2.97 billion.

Binance Coin (BNB) completed its first quarterly token burn of 2026 on January 15. The BNB Foundation removed 1,371,803.77 BNB from circulation worth approximately $1.27 billion.

The burn included 1,371,703.67 BNB through the Auto-Burn system and 100.1 BNB through the Pioneer Burn Program. This marks the 34th quarterly burn in the chain’s history.

Following the burn, the total supply of BNB now stands at 136,361,374.34 tokens. The foundation uses these quarterly burns as part of a deflationary strategy aimed at reducing the total supply to 100 million BNB over time.

The Auto-Burn system adjusts the burn amount based on BNB’s price and the number of blocks generated on the Binance Smart Chain during each quarter. The foundation stated this approach ensures transparency and predictability for token holders.

BNB price traded at $939 as of January 15, showing a 0.21% increase on the 4-hour chart. Over the past week, the token gained approximately 5% while the broader crypto market showed strength.

Bitcoin held above $96,000 while Ethereum traded near $3,300 during the same period. The overall market displayed bullish sentiment as investor confidence increased.

Price Movement and Key Levels

BNB broke above the $900 resistance level in recent days and tested the $950 mark. The price consolidated above $900 support after reaching a high of $954 earlier in the week.

The Relative Strength Index sits at 64.36, indicating the token is moving toward overbought territory. The MACD indicator shows positive momentum with its histogram displaying green bars above the zero line.

The MACD line remains above the signal line, suggesting buying pressure continues. If BNB fails to break the $950 resistance, the price could pull back to the $900 support level.

A successful break above $950 could open the path toward $1,000. The token holds above its 200-day Exponential Moving Average at $881 and the 50-day EMA at the same level.

Derivatives Market Activity

BNB futures Open Interest declined to $1.57 billion on Thursday from $1.6 billion the previous day. This represents a drop from the record high of $2.97 billion reached on October 8.

The lower Open Interest suggests some investors have taken profits following recent gains. BNB reached an all-time high of $1,375 on October 13, shortly after the Open Interest peak.

The 100-day EMA sits at $991, providing another technical level to watch. Resistance at $1,022 was last tested on November 10.

The foundation encourages users to track burn statistics and remaining tokens through their official channels. The latest burn transaction is publicly available for verification on the blockchain.

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