Binance successfully completed its 32nd quarterly token burn, eliminating over 1.59 million BNB tokens, decreasing the total supply aligned with their deflation strategy. The automated burn adapts to market conditions, ensuring structured reductions each quarter.
Whales accumulating BNB signify a bullish market sentiment, targeting breakout levels at 733 USD. Moreover, active engagement on the BNB network continues to rise, significantly increasing wallet addresses and DEX trading volumes, indicating sustained demand.
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