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4 days agoBinance’s $1.69 B Burn Propels BNB Ahead of XRP in Market Rankings
After a large-scale burn event worth $1.69 billion, Binance’s native token BNB jumped more than 3%, reclaiming its spot above XRP in market capitalization at $161 billion. The exchange emphasized that the quarterly auto-burn reinforces scarcity and community trust even as global scrutiny of centralized exchanges intensifies. DeFi activity on BNB Chain surged 22% within two days, and developer commits hit a quarterly high. Analysts view the program as a long-term signal of Binance’s intent to sustain valuation discipline while strengthening its multichain ecosystem and liquidity presence.
positive
4 days agoBinance’s $1.69 B Burn Propels BNB Ahead of XRP in Market Rankings
After a large-scale burn event worth $1.69 billion, Binance’s native token BNB jumped more than 3%, reclaiming its spot above XRP in market capitalization at $161 billion. The exchange emphasized that the quarterly auto-burn reinforces scarcity and community trust even as global scrutiny of centralized exchanges intensifies. DeFi activity on BNB Chain surged 22% within two days, and developer commits hit a quarterly high. Analysts view the program as a long-term signal of Binance’s intent to sustain valuation discipline while strengthening its multichain ecosystem and liquidity presence.
positive
Binance’s $1.69 B Burn Propels BNB Ahead of XRP in Market Rankings
4 days ago
1 min read
87 words
BNB climbed after Binance’s $1.69 B burn boosted its market cap to $161 B, renewing confidence in the token’s supply discipline and DeFi network health.
After a large-scale burn event worth $1.69 billion, Binance’s native token BNB jumped more than 3%, reclaiming its spot above XRP in market capitalization at $161 billion. The exchange emphasized that the quarterly auto-burn reinforces scarcity and community trust even as global scrutiny of centralized exchanges intensifies. DeFi activity on BNB Chain surged 22% within two days, and developer commits hit a quarterly high. Analysts view the program as a long-term signal of Binance’s intent to sustain valuation discipline while strengthening its multichain ecosystem and liquidity presence.
After a large-scale burn event worth $1.69 billion, Binance’s native token BNB jumped more than 3%, reclaiming its spot above XRP in market capitalization at $161 billion. The exchange emphasized that the quarterly auto-burn reinforces scarcity and community trust even as global scrutiny of centralized exchanges intensifies. DeFi activity on BNB Chain surged 22% within two days, and developer commits hit a quarterly high. Analysts view the program as a long-term signal of Binance’s intent to sustain valuation discipline while strengthening its multichain ecosystem and liquidity presence.
Companies:
Binance
Tags:
crypto
BNB
crypto
BNB
Binance
token burn
defi
Oct 27, 2025 • 16:41 IST