$BNB Binance (BNB) burned cryptocurrencies worth $1.2 billion and regained the fourth position from Ripple (XRP). Will its price reach $1,500?

Key Points Binance completed its thirty-third quarterly burn by destroying 1.44 million coins worth over $1.2 billion. The market capitalization of the coin rose to $159 billion, returning it to the fourth position in the market, surpassing Ripple (XRP). Ripple whales abandoned 70 million coins, causing short-term selling pressure. The Binance (BNB Foundation) confirmed the successful burn on the Binance (BNB Chain) blockchain, following the activation of the independently verifiable automatic burn system designed to reduce the total supply of Binance (Binance) to its long-term target of 100 million coins, after the current supply reached 137.73 million coins in a new achievement for the network's deflationary design $XRP #bnb #xrb