How did the price of BNB (Binance Coin) change after its last burn in January 2018?

10 answers

• upup422Nov 28, 2023 · 2 years ago
  After the last burn in January 2018, the price of BNB (Binance Coin) experienced a significant increase. This can be attributed to the reduction in the total supply of BNB, which created scarcity and increased demand among investors. Additionally, the burn event also generated positive sentiment and increased attention towards BNB, leading to more buying pressure. As a result, the price of BNB surged and reached new all-time highs.
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• Achmad nurhidayat DayatFeb 08, 2025 · 6 months ago
  The price of BNB (Binance Coin) went through a major rally after the last burn in January 2018. The burn event reduced the circulating supply of BNB, which created a supply-demand imbalance in favor of buyers. This imbalance, coupled with positive market sentiment, drove the price of BNB upwards. Traders and investors saw the burn as a positive development for BNB's value proposition, leading to increased buying activity and subsequent price appreciation.
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• legacy-code-devAug 21, 2022 · 3 years ago
  After the last burn in January 2018, the price of BNB (Binance Coin) skyrocketed. The burn event created a buzz in the cryptocurrency community, attracting new investors and traders to BNB. This influx of new participants, combined with the reduced supply of BNB, caused a surge in demand and subsequently drove up the price. BNB's strong performance after the burn event further solidified its position as one of the top cryptocurrencies in the market.
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• hesafNov 22, 2022 · 3 years ago
  Following the last burn in January 2018, the price of BNB (Binance Coin) experienced a significant increase. The burn event, which removed a portion of the BNB supply from circulation, created scarcity and increased the perceived value of each remaining BNB token. This, in turn, attracted more investors and traders to BNB, driving up its price. The market also reacted positively to the burn event, as it demonstrated Binance's commitment to token holders and the overall ecosystem.
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• Ruiseng790Jan 19, 2025 · 6 months ago
  The burn event in January 2018 had a profound impact on the price of BNB (Binance Coin). After the burn, the supply of BNB decreased, leading to an increase in its scarcity. This scarcity, combined with positive market sentiment and growing interest in Binance's ecosystem, resulted in a significant price surge for BNB. The burn event served as a catalyst for increased demand and investor confidence in BNB's long-term value.
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• Raymond WaldronJul 16, 2022 · 3 years ago
  After the last burn in January 2018, the price of BNB (Binance Coin) experienced a substantial increase. The burn event reduced the supply of BNB, creating a supply shortage and driving up the price. Additionally, the burn generated positive publicity and increased awareness of BNB among cryptocurrency enthusiasts. These factors, combined with the overall bullish market sentiment, contributed to the significant price change observed after the burn event.
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• Shree Karthik TSSep 09, 2020 · 5 years ago
  After the last burn in January 2018, the price of BNB (Binance Coin) witnessed a remarkable surge. The burn event, which reduced the supply of BNB, created a scarcity that fueled investor demand. The market responded positively to this reduction in supply, leading to a significant increase in the price of BNB. The burn event also showcased Binance's commitment to token holders and its ability to manage the supply of BNB effectively, further boosting investor confidence in the coin.
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• Okeplay777Jun 02, 2024 · a year ago
  The last burn in January 2018 had a profound impact on the price of BNB (Binance Coin). Following the burn event, the price of BNB experienced a substantial increase. The reduction in supply created a scarcity of BNB tokens, driving up their value. Additionally, the burn event garnered positive attention and increased interest in BNB, leading to more buying pressure. These factors combined to push the price of BNB to new heights.
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• techfusionxJul 24, 2020 · 5 years ago
  After the last burn in January 2018, the price of BNB (Binance Coin) went through a significant price surge. The burn event reduced the supply of BNB, creating scarcity and increasing its perceived value. This led to heightened investor interest and buying activity, driving up the price. The burn event also showcased Binance's commitment to token holders and its dedication to maintaining the value of BNB, further boosting investor confidence.
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• Lauri LoppFeb 05, 2024 · a year ago
  Following the last burn in January 2018, the price of BNB (Binance Coin) experienced a substantial increase. The burn event, which reduced the total supply of BNB, created scarcity and increased demand among investors. This, coupled with positive market sentiment and growing adoption of Binance's platform, contributed to the significant price change observed after the burn event.
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