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BNB Chain destroyed a total of 1.44 million BNB in the latest round of deflation, worth more than 1.65 billion US dollars. Since this quarterly destruction plan was launched in 2017, a total of 64.26 million BNB have been destroyed. Currently, there are only about 137.7 million BNB left in circulation. Based on a deflation rate of approximately 4 million coins per year, the supply of BNB may be reduced to less than 100 million coins in the next ten years.  Deflation and on-chain activity As ecological cooperation continues to expand, including the participation of countries such as Kyrgyzstan, activities on the BNB Chain have become more frequent, resulting in higher on-chain fees, which also means that the amount of destruction will increase simultaneously. The pace of supply tightening is likely to accelerate further in the coming years. Overall, Binance founder Changpeng Zhao believes that the core attraction of BNB comes from "continuous construction and community efforts", coupled with the long-term needs of institutions and funds. BNB is also often compared to Hyperliquid (HYPE), which also implements an aggressive deflation mechanism. HYPE has successfully built its own moat through stable product strength and repurchase mechanism, which is also a key direction for BNB to maintain its competitiveness. Can BNB hold steady above $1,000? Currently, BNB has encountered multiple resistances near $1,400, but remains firmly above the psychological support of $1,000. If it can break above the previous high, $1,500 is expected to be the next upside target.  Notably, despite a slight slowdown in momentum recently, the daily RSI remains above the mean. At the same time, on-balance volume (OBV) has not fallen below key trend line support so far in 2025, and the overall technical outlook is still bullish. On-chain data also confirms this bullish trend. According to Arkham's statistics, the overall capital flow on the BNB chain was negative in October, but even after a flash crash, there was no significant selling by currency holders. As of press time, average outflows from exchanges reached 179,000 BNB, indicating that more tokens are moving from exchanges to self-hosted wallets—usually seen as a bullish sign.  To sum up, whether it is the deflation mechanism, the annual destruction plan of 4 million coins, or the growth of network activities and on-chain data performance, everything is currently positive. From a long-term perspective, these factors provide a solid foundation for BNB's value support and deserve the attention of long-term investors. However, short-term traders still need to be wary of short-term pressures caused by macroeconomic fluctuations and potential negative news. The Bitcoin bull market has entered the second half, and the community has opened limited-time benefits and distributed selected potential coins for free. Scan the QR code or search WeChat ID: BNB7768 to add an assistant and join the group layout immediately.  |
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