- The price of BNB is rising near $620 as the bulls look for a new rally in the short term.
- The 35 quarter burn has reduced the supply of BNB to 134.7 million.
- Changes in macro and political factors can boost BNB and other altcoins.
The price of BNB traded as high as $630 on Wednesday, resuming a several-day high after the crypto dented bull plans.
The rejection at the top Multi-week means the price of Binance Coin of the return of around $620 token, where buyers are looking at the pile as the BNB Foundation reveals its second quarter to burn 2026 has cut native tokens to give about 134.7 million.
Will this discovery help the price of BNB higher, or is it a short-term headwind too strong for the bulls?
BNB’s supply decreases during the burning quarter
According to the BNB Foundation, the 35-quarter heat has completely removed 1,569,307.34 BNB tokens worth $1.02 billion from circulation.
This means that the total amount has dropped significantly, and the metric is now at 134,786,916.53 and reinforces the downward trend.
For the most part, what this burn does is advance BNB to the target of 100 million.
More than 40% of the initial offering has now been withdrawn since the launch of BNB, with all withdrawals in 2021. In January of this year, Binance registered a token. 34 burningwhich removed 1.37 million BNB worth $1.29 billion at that time.
The proliferation of metrics, such as daily users and dApp usage, has directly fueled the growth of global products, DeFi, games, and environment-2.
$16,600,000,000 in assets on display on the BNB Chain, making it a new ATH.
According to @tokenterminal 👇 https://t.co/gFwSsV9Kis
– BNB Chain (@BNBCHAIN) April 9, 2026
The price of BNB shares
While BNB exploded in 2025, the past few months have seen the ecosystem suffer from depression. Themes of fear, uncertainty, and doubt (FUD) surrounding Binance and its founder, Changpeng Zhao, have contributed to the downward trend since the $1,300 peak.
In particular, the drop of 54% from the ATH of $1,370 on October 13, 2025, corresponds to the complete loss of Bitcoin and Ethereum.
Major economic and political headwinds have had a significant impact on BTC, with recent highs dropping to around $76,000.
Currently, the price of BNB is hovering around $620, a slight decline seen after the burn and in line with Bitcoin’s retest at the $74k level.
Despite this appearance, the formation below the $600 price zone shows the prospect of a reversal for BNB. Visual cues and a new movement can boost this image.
If Bitcoin rides the macro and geopolitical tailwinds to a new high, BNB may try to resist at $800.
The stock market is aligned with a 50-week moving average; breaking it would make prices to the $1,000-$1,200 barrier.
However, a close below $600 may cause more bears to wake up.
If this indicates a major downside for the crypto, the next support level could be around $530.
