Binance Recently Eliminated $1.32 Billion in BNB Cryptocurrency in One Day: Will It Reach Above $650 Next?

On April 15, 2026, Binance carried out its 35th quarterly BNB crypto burn, permanently eliminating around 2.14 million BNB, valued at approximately $1.32 billion based on current prices, marking one of the most significant single deflationary occurrences in the history of cryptocurrency.

Currently, BNB crypto is trading near $622, maintaining stability as traders assess the implications of the burn on supply.

This burn was conducted through Binance’s Auto-Burn mechanism, an on-chain formula that determines the amounts to be destroyed based on BNB’s price and BSC block output, completely removing human intervention.

The total for this quarter also included about 4,500 BNB from the Pioneer Burn Program, which transforms user wallet mistakes into deflationary events.

With this latest burn, Binance has now removed over 62 million BNB, exceeding 30% of the initial supply of 200 million, as the protocol aims for a hard cap of 100 million tokens.

Source: BNB On X

Former CEO Changpeng Zhao has consistently emphasized the burn mechanism as the fundamental value-accrual engine for BNB — and the figures are beginning to support that perspective in the supply curve.

The wider market is closely monitoring BNB amid a consolidation of altcoin momentum, with Bitcoin’s price movements influencing risk appetite across the top-cap sector.

Whether this burn event triggers a breakout or merely confirms a range is entirely contingent on where BNB stabilizes heading into the weekend.

Can BNB Crypto Price Reach $650 Before April Ends?

BNB is consolidating within the $621–$624 range, trading below both its 50-day and 200-day moving averages, a technical configuration that indicates neutral-to-cautious momentum rather than outright bullish sentiment. The RSI is at 47.39, technically hovering around the midline but leaning slightly toward the softer side.

Volume has yet to validate a breakout.

Key resistance is concentrated at $645–$651, with $651 marking the upper boundary of the Bollinger Band — a level identified by MEXC analysts as the crucial ceiling for an end-of-April target.

Source: Tradingview

Support is located in the $581–$602 range; a weekly close below $602 could likely lead to a more substantial pullback toward the $560s.

BNB is at a typical inflection point where sentiment and structure must align, as a post-burn momentum that brings back volume and allows the price to reclaim the 50-day average would make a move toward the $650 to $680 range appear more feasible.

However, it still requires confirmation, because without that reclaim, it remains merely a bounce, not a trend reversal.

The critical level below is $581, and if that is breached, the entire recovery scenario weakens rapidly, opening the path to $540 while the market awaits clearer regulatory guidance.

Maxi Doge Aims for Early-Mover Advantage as BNB Tests Key Resistance

At $621, BNB is a solid hold, but with a market cap already entrenched in the tens of billions, achieving a 10x from this point necessitates either a complete bull-market surge or years of patient accumulation. Traders pursuing asymmetric returns are increasingly shifting towards early-stage assets where the supply curve has yet to be fully realized. This shift currently has a name.

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The meme-first marketing strategy heavily leans into gym-bro viral culture, which (regardless of personal opinions) has a proven history of attracting retail capital at this stage of the cycle.

Presale tokens carry considerable risk, liquidity concerns, lock-up conditions, and post-launch execution, all of which necessitate independent due diligence prior to committing capital.

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The post Binance Just Burned $1.32 Billion Worth of BNB Crypto in a Single Day: Is a Break Above $650 Next? appeared first on Cryptonews.