🔥 Binance's 37th quarterly BNB burn removed 1.64 million BNB, per Square's trending topic.
At today's price of $703, that's about $1.15B taken out of supply, in the same week as the biggest hack in crypto history.
Does the burn matter right now?
1️⃣ Bullish, supply shrinks
2️⃣ Priced in already
3️⃣ Irrelevant until trust fully returns
I'm taking 3️⃣. Supply helps, but confidence moves $BNB first. Reply 1, 2 or 3 👇
$BNB #BinanceSquare #WriteToEarn
At today's price of $703, that's about $1.15B taken out of supply, in the same week as the biggest hack in crypto history.
Does the burn matter right now?
1️⃣ Bullish, supply shrinks
2️⃣ Priced in already
3️⃣ Irrelevant until trust fully returns
I'm taking 3️⃣. Supply helps, but confidence moves $BNB first. Reply 1, 2 or 3 👇
$BNB #BinanceSquare #WriteToEarn
