$BNB Old Zhou is here to talk about BNB with everyone today.
When I opened the cryptocurrency group this morning, the screen was filled with news about "BNB destroying 1.44 million coins". Some people shouted, "It's going to skyrocket!", while others said, "It's just a trick."
1. What does the destruction of 1.44 million coins really mean?
The BNB destruction permanently removes coins from circulation. 1.44 million coins are currently worth about 360 million USD, which is the second highest in a single instance this year. For retail investors, it has two core significances:
Less circulation leads to long-term price support: the total supply of BNB is fixed at 200 million coins; each destruction reduces circulation, theoretically making it scarcer, and usually results in a small increase in the short term;
Official confidence: the money for the destruction comes from Binance's trading fee profits. Destroying 360 million indicates that Binance is profitable and is willing to return value to holders, which is more tangible than speculative projects.
#BNB销毁 2. Don't shout about skyrocketing prices randomly; understand these three truths for retail investors:
The amount destroyed does not equal the price increase; look at the "expectation gap": this time, 1.44 million coins was within expectations (last year's average was 1.2 million, and the first two times this year were around 1.3 million). After the news broke, it only rose by 3%, not outperforming Bitcoin; in 2023, the unexpectedly high destruction of 2.8 million coins saw a 15% increase on the same day, the key is whether it exceeds expectations;
Don't chase high prices in the short term; focus on the long-term rhythm: institutions often set positions in advance, selling off once the news breaks, while retail investors easily get caught chasing high prices; it's more important to watch if subsequent destructions stabilize above 1.4 million coins (if stable, BNB will rise in the long term), and be cautious if it drops below 800,000;
Don’t just focus on BNB; related opportunities are easier to grasp: buying BNB directly has a high threshold; it’s better to choose related opportunities—like staking BNB for 5%-8% annualized returns plus priority for Alpha airdrops, or positioning in quality new coins on the BNB chain (last year, CAKE rose 12% after destruction, outperforming BNB).
#降息预期 3. Practical suggestions for retail investors (applicable whether or not you have BNB):
For those with BNB: don't sell recklessly; stake half for returns + airdrop qualifications, and trade the other half (sell 1/3 if it rises more than 5%, buy back if it drops to the cost line);
For those without BNB: don’t chase high prices; wait for a 5%-8% pullback before entering, or use 100 USD to buy 0.04 coins to test the waters;
In conclusion:
The destruction of BNB is not a signal for sudden wealth; it’s a stabilizing factor for those who believe in the long-term ecosystem. Retail investors should avoid following trends for quick gains, prioritize stability, and research Alpha airdrops and on-chain DeFi applications, which are more important than focusing on short-term price fluctuations.
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@空投猎手老周 to chat about BNB together.