BNB Price Prediction Targets $750 after 37th Quarterly Burn Removes 1.65M BNB

Binance Coin (BNB) price climbed 1.19% over 24 hours to $726.02 on Monday, holding above $720. The increase followed a crypto market recovery, where the overall market capitalization increased 1.2% to $2.74 trillion.

Bitcoin was trading above $82,170, Ethereum price rose to $2,400, and XRP moved around the area of $1.30.

In the meantime, BNB Chain burned its 37th quarterly burn, permanently destroying an estimated 1.65 million tokens of the overall supply in the network.

BNB Chain Burns 1.65 Million Tokens Worth $1.2 Billion in 37th Quarterly Event

BNB Chain removed 1,646,196.44 BNB through its 37th quarterly token burn, the BNB Foundation announced on October 19. The foundation had estimated that the value of the destroyed tokens is about $1.197 billion, with the total tokens in circulation coming in at 131,512,085 BNB.

The burn continues BNB’s Auto-Burn initiative, which is to decrease total supply to 100 million tokens. The amount of each quarter is dependent on BNB’s price and the number of blocks generated on BNB Smart Chain.

BNB Chain Burns 1.65M BNB Worth About $1B in 37th Quarterly Auto-Burn

BNB Chain completed its 37th quarterly BNB Auto-Burn, removing about 1.646 million BNB worth roughly $1 billion at the reference price. The Auto-Burn mechanism determines the amount based on BNB’s price and the number of BNB Smart Chain blocks produced during the quarter, with the long-term goal of reducing total BNB supply to 100 million. BNB Chain also continues to burn a portion of gas fees through BEP-95.

— Wu Blockchain (@WuBlockchain) October 19, 2026

BNB Chain stated that it has adjusted the parameters of the burn formula due to “increased” block production after the Lorentz and Maxwell upgrades were completed. The mechanism is not connected to Binance’s central exchange, and the figures are made public quarterly and can be analysed by the public.

The quarterly burn is carried out directly on the BNB Smart Chain and the tokens are burned in a predetermined inaccessible address.

Additionally, BEP-95 burns a portion of the gas fees gathered in each block, which also takes BNB out of circulation. This burn rate is set by validators through governance and is related to the activities on BNB Smart Chain.

Can BNB Price Rally To $750 Next?

The BNB Coin traded at $726.79, with its latest rebound approaching a nearby resistance level. The token gained 0.13% during the active four-hour candle on the 4-hour chart. 

The relative strength index came in at 51, just above the mid-range level.  The MACD line was at -1.99 above the MACD signal line at -3.74, and the histogram was at positive 1.75. The combination indicates some relief on selling pressure, as the green bars expand, indicating stronger upward movement.

The recovery could get a boost if $730 is reached in the near term, and if bullish trend momentum mounts more, the future BNB outlook could rally towards  $750 resistance.

Rejection near resistance, on the other hand, could drag BNB price back toward the closest support level on the chart, which is $720. 

If that level breaks, the recent lows around $705-$710 may come back into play again. The breaking of those lows could lead to a psychological downside target of $700 based on the price structure of the chart.