The price of BNB recovered the $970 level this November 12, 2025. This occurred after a momentary dip below that key support. The swift recovery reflects the BNB token volatility and persistent demand. Data from exchanges like Binance.US and Coinbase confirmed the move, which impacts the entire BNB Chain ecosystem.
During the recovery session, the asset moved within a tight range. BNB traded between $970 and $976. This suggests a strong entry of buyers that absorbed the selling pressure. Likewise, the token’s market capitalization remained robust. It stood between $134 billion and $135 billion. The daily trading volume exceeded $2.4 billion. These figures demonstrate that, despite sharp movements, BNB maintains high liquidity that helps cushion downturns.
In perspective, BNB’s evolution has been notable. The token was born in July 2017 as an ERC-20. Its initial ICO price was just $0.15, raising $15 million. Since then, it has migrated to its own network, the BNB Chain. The current circulating supply is estimated between 137 million and 145 million tokens. This figure is lower than the initial maximum supply of 165,116,760 BNB.
Is the Token Burn Mechanism Enough to Sustain BNB Above $970?
Deflationary pressure is a key factor. Binance applies a quarterly burn mechanism. The stated goal is to reduce the total supply to 100 million BNB. This burn (permanent removal of tokens) supports the scarcity narrative. On the other hand, the $970 recovery boosts the confidence of liquidity providers and arbitrageurs. However, the BNB token volatility remains a risk. Sharp movements can trigger algorithmic selling and generate new technical corrections. The adoption of BNB Chain remains fundamental.
The recovery above $970 is the verified fact. The market is now watching the continuity of the burn mechanism. The cumulative effect of this burn on the supply is crucial. Projections cited in market analyses suggest conservative ranges. For 2025, scenarios place the cryptocurrency between $1,047 and $1,360. By 2030, the range could be between $1,273 and $1,647. These estimates depend on adoption and macroeconomic conditions.
