BNB Price Manipulated Upwards After Token Burn

BNB Price Crosses $330 as Quarterly Token Burn Completes, Are More Gains Ahead?

BNB price is 20% up from March 11, when it dropped below $280 as regulators targeted multiple crypto exchanges. On-chain data reveals steady daily users, while long-term participants on the BNB chain network have remained optimistic. Can BNB shake off the media FUD to reach $350?

Cal it whatever you wish, but "burning" tokens is just like a share buyback. Of all the top crypto coins, BNB has always struck me as the most obviously a security.

From Binance: What Is a Coin Burn?; and, What Is BNB Auto-Burn?.

The BEP-95 Burning Mechanism is essentially a transaction tax and happens daily from fees. Whereas the BNB Auto-Burn feature is a supply-side attempt to manipulate price through quarterly burns. This latter feature will stop once there are just under 50% of BNB coins left from its starting state of 200M coins.

It remains as clear as mud as to where those auto-burn tokens really come from. A look at the address and contract of the current burn reveals that the account has just over 30M BNB left. Would be interesting to do a deeper delve into this, as the whole supply-side manipulation makes no sense given that those tokens are not on the market anyway! They are not actually market buybacks. They were created to be burned - so what's the point?