Binance completes coin burn for BNB

[waterworks]

"In accordance with our whitepaper, we have now completed the burn of 1,821,586 BNB for the our 2nd quarter."

https://support.binance.com/hc/en-us/articles/360000012892

 

[DoubleUp]

Yet funnily enough the price has gone down, not up

 

[Makroy]

Anyone know what could be the possible withdraw fees if we send BNB from one Binance to another Binance account?

 

[waterworks]

The coin has done really well since launch, and it had an incredible run in December like so many coins.

After reaching a really strong ATH that was about 8x in December, I would expect a cool down period especially in current down market.

 

[DoubleUp]

Not knocking it, as I already invested in the token a while back. Just found it odd that it's price dropped dramatically when the announcement came out, when i would have though it would go in the opposite direction, as their statement was actually a positive event.

 

[waterworks]

I agree it is a bit weird on the drop.

 

[justbrowsing1]

Not knocking it, as I already invested in the token a while back. Just found it odd that it's price dropped dramatically when the announcement came out, when i would have though it would go in the opposite direction, as their statement was actually a positive event.

People must of expected more coins to be burned, same as when companies announce their profits and their shares go down because people thought it would be more

 

[largeanincharge]

BNB still feels like a good buy even at 135k sats. Have been buying more and more since about 30k sats. Binance volume is huge and only getting bigger.