BNB completes its 33rd quarterly token burn, removing 1.44 million BNB worth $1.2 billion from circulation. This move helped Binance’s token reclaim the 4th largest spot by market cap, overtaking XRP. The burn took place on the BNB Smart Chain, reducing the total supply to 137.73 million tokens with a long-term target of 100 million. Recent upgrades led to faster block production on BSC, adjusting the Auto-Burn formula. The real-time burn system has eliminated over 276,000 BNB from gas fees since implementation. BNB’s price surged nearly 3% in the last 24 hours, reaching $1,161.35 with a market cap of $159 billion, surpassing XRP. Retail wallets showed panic selling while XRP whales dumped over 70 million tokens, allowing BNB to gain advantage. BNB’s weekly chart shows a strong uptrend, testing resistance near $1,250-$1,300. A breakout above $1,300 could open the door toward $1,450-$1,600. Failure to hold above $1,100 could see BNB revisit $950-$900.

Read more at Yahoo Finance: $1.2B BNB Burned, Replacing XRP at 4th Spot Again: $1,500 Next?