2026-01-09 09:31:37

The leading position of a top exchange in the crypto market has looked very stable over the past two years, but XRP's strong rise is beginning to break this pattern, and BNB's pressure is indeed increasing.

Recently, I noticed a data point worth paying attention to—In Q1 2026, approximately $1.217 billion worth of BNB (1.374 million tokens) will be permanently burned. In other words, the circulating supply will shrink by 1%. It doesn't sound like much, but in the crypto market, tightening supply often acts as a catalyst for price increases.

Even more interesting is the performance of the BNB chain itself. The number of active on-chain addresses has surged to 2.63 million, outpacing SEI, Polygon, Base Chain, and even ETH. The stablecoin supply has also soared to $16 billion, indicating ample liquidity on the chain and a vibrant ecosystem. These "fuels" together lay the foundation for subsequent price movements.

From a technical perspective, BNB has recently been in a sideways range, but if it can break through the key level of $921, a bullish signal may truly be on the horizon. 💹

In simple terms, the token burn mechanism combined with the continued heating up of the on-chain ecosystem could make Q1 a turning point. But as always, the technical conditions need to be in place, and market sentiment and macro environment must also align.

XRP0,81%

BNB1,76%

SEI3,9%

ETH2,26%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
8
Repost
Share

Comment

0/400

TradFiRefugee

· 01-10 14:49

The destruction mechanism sounds good, but don't forget that market sentiment is the most unreliable thing. Wait, did BNB's active addresses surpass ETH? If that's confirmed, it really means something. Breaking 921 is the real deal; anything said now is useless. Supply tightening is indeed stimulating, but who knows about the macro environment? XRP is fierce over there, BNB needs to hold up under this pressure. 1.2 billion in burns sounds like a lot, but the proportion is so small that the market still depends on sentiment. On-chain popularity exploding doesn't necessarily mean the price will follow; this lesson is deep enough. Wait patiently for a breakdown; rather than stressing now, it's better to see if the technicals give face.

View OriginalReply0

bridge_anxiety

· 01-09 22:03

Destroying that amount of supply feels a bit exaggerated; the key is whether the ecosystem can truly generate cash flow. XRP's recent surge is indeed quite strong, but BNB's fundamentals aren't that bad; it's just that the market trend has shifted. If the 926 threshold can't be broken, it might need to consolidate sideways for a while longer. The ecosystem's popularity is real, but there are only a few projects on-chain that are actually making money—that's the reality. If Q1 really brings a market rally, those who sell now will be the ones to lose big.

View OriginalReply0

TestnetFreeloader

· 01-09 09:57

Is that little bit of burning really enough? Feels like the market needs to wake up. Wait, XRP is so strong, let me quickly check if my position is okay. 2.63 million active addresses sound impressive, but are there really people using it? Break 921 first, then talk. The current sideways movement is too uncomfortable. Sufficient liquidity is a good thing, just worried it might be a fleeting moment again. Q1 turning point? I bet it will keep holding on, let's see again in May.

View OriginalReply0

MeaninglessApe

· 01-09 09:49

Wait a minute, XRP has already risen while BNB is still sideways. Is this really reasonable? Destroying 1.2 billion dollars sounds impressive, but it's not exactly new anymore. On-chain addresses reaching 2.63 million is indeed impressive, but we need to see what these addresses are actually doing. Why is the $921 level so critical? It seems like there's always a key level every time. Can we break new highs in December, everyone? It's taking too long. Is this wave of ecosystem enthusiasm real, or just another hype? Liquidity of 16 billion sounds like a lot, but how does it compare to the funds on exchanges? I just want to know why XRP is so strong, while BNB is being suppressed. Could it be another round of liquidation? Looking at the burn data, it seems possible. Let's wait until Q1 to see. Anyway, there's nothing clear right now.

View OriginalReply0

TokenomicsTrapper

· 01-09 09:46

wait, 1.2B in burns sounds massive until you realize it's literally just 1% of supply... classic exit pump pattern disguised as tokenomics theatre ngl

Reply0

MidnightTrader

· 01-09 09:36

Destroying 1% sounds insignificant, but those who are bottom-fishing know what it means XRP's recent surge is indeed fierce, and BNB faces significant pressure, but the on-chain active addresses at 2.63 million is quite solid The key is whether it can break 921; only then does it count The ecosystem's popularity is here, just waiting for the market reaction

View OriginalReply0