- BNB undergoes its 26th quarterly burn event with $636 million worth of tokens removed.
- Blur unlocks $23.2 million worth of coins and remains close to its yearly high.
- Rebel Satoshi combines meme culture and community to fight the current financial system; the project is close to getting launched.
The latest progress for BNB (BNB) and Blur (BLUR) tells two opposite tales. While the former has experienced a massive burn event, the other released millions of tokens onto the market. Regardless, these top crypto coins are close to their recent highs.
Another project on a high is the new meme coin Rebel Satoshi ($RBLZ), which is on the verge of being launched. For now, let’s cover the news for BNB and Blur.
Binance Initiates 26th Quarterly Burn Event For BNB
One strategy that has kept BNB among the top 5 cryptocurrencies is Binance implementing ‘burn‘ events where a huge amount of tokens get removed from circulation. This deflationary tactic is to preserve and increase a coin’s value over time.
Using the Auto-Burn mechanism, Binance has initiated the 26th BNB quarterly burn event, removing about $636 million worth of BNB (or 2.14 million tokens). It’s worth noting that BNB also witnesses the Real-Time Burn system, where its supply goes down further through a portion of the gas fees.
While BNB has floated around the $314 level since the start of 2024, it’s up 8% from a $289 low on January 12, 2024. Despite Binance’s ongoing legal problems, reasonable estimates suggest BNB can hit at least $400 by the end of the year.
Blur Maintains Upside Momentum Despite Huge Token Unlock
While BNB deleted a huge amount of tokens, Blur has done the opposite through their latest unlock. The popular NFT marketplace has just released 49.46 million BLUR tokens, equivalent to approximately $23.2 million. Based on data from Token Unlocks, the four-year vesting period for investors began in February 2023. Blur will continue to release a similar number of tokens monthly.
Surprisingly, BLUR’s value has retained most of its upside despite the often bearish unlock event. It’s up 65% since January 8, 2024, from $0.38 to $0.64 (at one point reaching $0.73). The primary catalyst is Blur’s continued dominance in the top NFTs to buy.
According to information from The Block, the marketplace commands 78.5% of the trading volume so far. Should it maintain this influence, BLUR can exceed $1.20 before 2025.
Finally, let’s conclude with Rebel Satoshi and how it has surged to $0.025!
Rebel Satoshi Seeks to Rebel Against The Financial Status Quo
Rebel Satoshi is a unique meme coin on a mission to revolt against the oppressive financial status quo using meme culture and community-building. It’s a defiant movement championing decentralized finance and social justice.
Rebel Satoshi is also a place for users to unwind with daily interactive quests and virtual gatherings. Another entertaining avenue is the Rebel Meme Hall of Fame, where members will have their best memes related to Rebel Satoshi adored in a community gallery.
So, what makes Rebel Satoshi a top crypto to invest in? The project wishes to reach $100 million in market cap. Thus, plenty of untapped potential exists since it’s still in its nascent stages. The driver in Rebel Satoshi‘s ecosystem is the utility token $RBLZ.
It fuels high liquidity and long-term holding through staking and participating in trading two NFT collections based on 9,999 unique collectibles and digital art characters. The first of these collections is expected after the sought-after presale for Rebel Satoshi, which will conclude next month.
This is where $RBLZ is available, which has risen 120% since the first round from $0.010 to $0.022 in the last round. The token will experience a 13.6% rise to $0.025 following the presale, signaling Rebel Satoshi‘s official launch and $RBLZ‘s placement on multiple exchanges.