BNB price outlook as quarterly burn cuts supply to 134.7M

• BNB price hovers near $620 as bulls target a fresh short-term rally.
• The 35th quarterly burn has reduced BNB supply to 134.7 million.
• A shift in macro and geopolitical conditions could bolster BNB and other altcoins.

BNB price traded to highs of $630 on Wednesday, recovering to intraday highs after earlier moves across crypto dented bulls’ plans.

The rejection at the multi-week peak means the Binance Coin’s value is back near the $620 mark, where buyers are looking to pile in as the BNB Foundation reveals its second quarterly burn of 2026 has cut the native token supply to approximately 134.7 million.

Could this supply squeeze help BNB price higher, or are short-term headwinds too strong for bulls?

BNB supply drops amid quarterly burn

According to the BNB Foundation, the 35th quarterly burn has permanently removed 1,569,307.34 BNB tokens valued at $1.02 billion from circulation.

This means the total supply has dropped further, with the metric now at 134,786,916.53 and reinforcing the coin’s deflationary mechanism.

On a bullish note, what this burn does is to advance BNB toward the 100 million token target.

More than 40% of the initial suppl...