BNB Chain has completed its 36th quarterly token burn, removing more than 1.61 million BNB from circulation. The burn reduced the remaining total supply to 133.16 million BNB, while the BNB price traded near $580.86 after a rebound from short-term support.
BNB Chain Removes 1.61M Tokens From Supply
The BNB Foundation confirmed that BNB Chain burned 1,615,827.795 BNB in its latest quarterly event. The tokens were worth about $931.70 million around the time of the burn.
Following the burn, BNB’s remaining total supply stood at 133,166,127.91 BNB as of July 15, 2026, at 10:35 a.m. UTC. The burn forms part of BNB’s long-term plan to reduce total supply toward 100 million BNB.
The Auto-Burn system adjusts the burn amount based on the BNB price and the number of blocks produced on the BNB Smart Chain during the quarter. The mechanism operates separately from the Binance centralized exchange and remains independently auditable.
This quarter’s burn, along with future burns, will occur directly on BSC after BNB Chain Fusion. The burned tokens are sent to the “blackhole” address, removing them from active circulation.
BNB Burn Mechanism Remains Tied to Network Activity
BNB serves as the native asset of the BNB Chain ecosystem. The token supports transactions across BNB Smart Chain, opBNB Layer 2 networks, and BNB Greenfield.
BNB also functions as a governance asset, allowing holders to take part in decentralized on-chain decisions. The token is also used within the ecosystem as a reserve asset and utility coin.
BNB Chain also uses a real-time burning system linked to gas fees. Validators determine the gas fee ratio burned in each block, with roughly 291,000 BNB removed through BEP-95 since launch.
Recent Lorentz, Maxwell, and Fermi upgrades have increased BSC block production speed. BNB Chain adjusted the Auto-Burn formula parameters to keep the burn model aligned with its original design.
BNB Price Holds Above Key Support
BNB traded near $580.86 on the four-hour chart after rebounding from the $564 support zone. Price action remained below $584, which has limited upside several times.
A four-hour close above $584 could support a move toward $588 and $592. Stronger buying above $592 may bring the $596 resistance level into focus.
The RSI stood at 58.20, above its 50.62 average. That reading points to improving momentum without entering overbought territory.
Source: TradingView
DMI readings also supported a mild bullish setup. The +DI stood at 29.90, above the −DI at 18.17, while ADX remained low at 16.74.
BNB may keep consolidating unless ADX rises above 20 while +DI stays above −DI. A break below $568 would weaken the recovery and expose $564 or $560.
