CryptoOnchain
BNB circulating supply hits 20-month low
BNB’s circulating supply has reached 139.187 million, its lowest level since January 2023, when it was around 134 million for just a few days. The recent decline is a continuation of a long-term trend of supply declines that have intensified since mid-2024. Such declines are typically driven by token burning mechanisms and supply caps, and can create positive price action from a potential selling pressure perspective; however, the market’s reaction will depend heavily on the timing of the event with overall market conditions and demand.