BNB’s price outlook cuts quarterly burn supply to 134.7M
BNB price hovers around $620 as bulls target new short-term rally. The 35th quarterly burn reduced BNB supply to 134.7 million. Changes in macro and geopolitical conditions can strengthen BNB and other altcoins.
BNB price traded around $630 on Wednesday, recovering to daily highs after an earlier move on crypto dented bulls' plans.
A rejection of a multi-week peak means Binance Coin price has returned to the $620 mark, with buyers looking to pile in as BNB Foundation's second-quarter 2026 blaze reduced the native token's supply to around 134.7 million.
Can this supply help BNB prices rise or are the short-term headwinds too strong for the bulls?
The supply of BNB decreases during the quarterly burn
According to the BNB Foundation, the fire of the 35th quarter permanently removed 1,569,307.34 BNB tokens from circulation at a cost of $1.02 billion.
This means that the total supply is further reduced, with the scale now at 134,786,916.53, reinforcing the coin's dwindling mechanism.
Amazingly, what this burn will do is boost BNB to its target of 100 million tokens.
More than 40% of the initial supply since BNB's inception has now been removed, with a formal removal in 2021. In January of this year, Binance marked its 34th burn, during which time 1.37 million BNB removed $1.29 billion.
On-chain metrics, such as all-time high daily active users and dApp usage, have increased the burn rate between real-world assets, DeFi, gaming and the growth of the Layer-2 ecosystems.
$16,600,000,000 in BNB Chain tokenized assets, making it a new ATH.
Like @tokenterminal 👇
— BNB Chain (@BNBCHAIN) April 9, 2026
BNB price analysis
As BNB explodes in 2025, the past several months have seen the ecosystem token struggle with downward pressure. Controversial headlines and fear, uncertainty and doubt (FUD) surrounding Binance and its founder Changpeng Zhao contributed to the fall from the $1,300 highs.
Specifically, a 54% decline from the $1,370 ATH on October 13, 2025, is in line with overall losses for Bitcoin and Ethereum.
Macroeconomic and geopolitical headwinds have boosted BTC significantly, with recent highs reaching $76,000.
Currently, the price of BNB is hovering around $620, slightly below the high seen after the burnout and similar to Bitcoin's test of the $74k level.
Despite this outlook, the formation of a double bottom at the $600 support zone indicates upside prospects for BNB. Positive momentum indicators and fresh flows can strengthen this picture.
If Bitcoin rides macro and geopolitical tails to new year-to-date peaks, BNB may test resistance at $800.
The supply zone corresponds to the 50-week moving average; A breach could raise the price to a $1,000-$1,200 barrier.
However, a close below $600 risks triggering more bears.
If this shows a broader crypto decline, the next support level could be around $530.
