BNB Price Stuck in Sideways Phase Ahead of 37th Burn
The price of BNB has been fluctuating between $750 and $800 for weeks, and the 37th burn is due to take place around the anniversary of its record high of $1,369.99, set on October 13, 2025. At that time, BNB was worth 44% more than its current price of around $767. The burn, which reduces the supply of BNB by destroying part of it, is a regular occurrence, happening four times a year according to a fixed formula.
The 36th burn, which took place on July 15, 2026, destroyed 1,615,827.8 BNB, worth around $932 million at the time, leaving the remaining supply at 133.17 million BNB. The 37th burn is expected to be similar, but its exact date has not yet been announced. The burn has an effect on the supply over time, but rarely on the day itself.
The one-year chart of BNB's price shows a long road down and a clear recovery from the low, with the price sitting above both the 50-day and 200-day averages. The 50-day average is around $720, and the 200-day average is around $692. Around $807 is the level on the upside, and around $746 is the level on the downside, with the 50-day average being the next line of support if the latter gives way.