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Binance Coin (BNB) Soars to $733 Amid $1B Token Burn and Infrastructure Enhancements

Binance Coin (BNB) Soars to $733 Amid $1B Token Burn and Infrastructure Enhancements

Published:
2025-07-19 07:33:42
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Binance Coin (BNB) has experienced a significant price surge, reaching $733.80, driven by a $1 billion token burn and major upgrades to the BNB Chain. The 32nd quarterly burn eliminated 1,595,599 BNB from circulation, further solidifying its deflationary model. Despite a recent security breach at BigONE exchange, the bullish momentum for BNB remains strong. Technical indicators point to continued upside potential, fueled by growing institutional interest. The enhancements to BNB Chain's infrastructure are also contributing to the positive sentiment surrounding the cryptocurrency.

BNB Price Surges to $733 After $1B Token Burn and Major Infrastructure Upgrades

Binance Coin (BNB) has surged to $733.80 following a $1 billion token burn and significant upgrades to BNB Chain. The 32nd quarterly burn removed 1,595,599 BNB from circulation, reinforcing its deflationary model. Despite a security breach at BigONE exchange, bullish momentum remains intact.

Technical indicators suggest continued upside potential as institutional interest grows. The upgrades to BNB Chain's infrastructure have enhanced scalability and security, further solidifying its position in the competitive layer-1 space.

Uniswap (UNI) Surges 15% to $10.25 as Whale Accumulation Drives Bullish Momentum in July 2025

Uniswap's native token UNI has broken through a critical 160-day resistance level, rallying 15% to $10.25 in a MOVE fueled by aggressive whale accumulation and dormant token activation. The surge marks a significant technical breakout, with analysts now eyeing $16 as the next potential target.

On-chain data reveals a single institutional wallet withdrew 5.41 million UNI from Binance, signaling strong conviction among large holders. Such accumulation patterns historically precede sustained upward movements, particularly when combined with technical indicators like the current RSI reading of 72.42.

The July 2025 price action demonstrates how decentralized exchange tokens can outperform during periods of renewed DeFi interest. Market participants are interpreting the whale activity as a vote of confidence in Uniswap's long-term position as the dominant automated market Maker protocol.

Ripple (XRP) Breaks Key Resistance at $3.16 as New Crypto Project Gains Attention

Ripple's XRP surged 15% to $3.16, decisively breaking through the critical $2.60 resistance level. Technical indicators show strong momentum, with the Chande Momentum Oscillator at 91.3 and On-Balance Volume confirming aggressive capital inflows exceeding 3.16 billion. The next target sits at $3.40, where minimal resistance is expected.

Binance data reveals traders heavily favor long positions, with a 3.27 long/short ratio. While overbought conditions may trigger pullbacks NEAR $3.40, support remains solid between $2.85-$2.90. The path toward $3.88 appears increasingly viable.

Meanwhile, investor attention is shifting toward Mutuum Finance (MUTM), currently in Phase 5 presale at $0.03. The project is forecasted for exponential post-launch gains, with some projections reaching $5—a potential 11,200% surge.

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