The cryptocurrency BNB has experienced a decline in value following a significant token burn that amounted to $1.65 billion, which is an effort aimed at reducing the overall supply of the token in circulation. As the market reacts to this substantial event, BNB is now focusing on testing its resistance level, which is currently situated around $1,150, as traders and investors keep a close watch on its price movements and potential recovery strategies.
source: https://www.coindesk.com/markets/2025/10/28/bnb-drops-after-usd1-65b-token-burn-eyes-resistance-near-usd1-150