What was the percentage increase in the price of BNB (Binance Coin) after its last burn in January 2018?

3 answers

• michael agyemangApr 23, 2023 · 3 years ago
  After the last burn in January 2018, the price of BNB experienced a significant increase. The percentage increase was around 50%. This surge in price can be attributed to the reduction in the total supply of BNB due to the burn. With a decrease in supply, the demand for BNB increased, leading to a higher price. Additionally, the burn event created a positive sentiment among investors, as it demonstrated the commitment of Binance to enhance the value of BNB. Overall, the burn had a positive impact on the market value of BNB.
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• tommasomariogustavo nanniciniSep 12, 2021 · 4 years ago
  The last burn of BNB in January 2018 had a remarkable effect on its price. The percentage increase was approximately 60%. This surge can be attributed to the scarcity created by the burn. As the total supply of BNB decreased, the demand for the coin increased, resulting in a higher price. Moreover, the burn event generated excitement among investors, as it indicated the commitment of Binance to improve the value of BNB. The price movement after the burn demonstrated the market's positive response to this strategic move.
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• BhargavOct 25, 2024 · a year ago
  After the last burn in January 2018, the price of BNB witnessed a significant increase, with a percentage increase of around 70%. This surge can be attributed to the reduction in the circulating supply of BNB caused by the burn. The decrease in supply created a sense of scarcity, which drove up the demand for BNB and subsequently increased its price. The burn event also garnered attention from the cryptocurrency community, as it highlighted the commitment of Binance to enhance the value of BNB. Overall, the burn had a positive impact on the price of BNB and contributed to its market value.
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