BNB gains institutional backing and deflationary burn boost, eyeing breakout above $650 resistance.

BNB has attracted significant institutional interest with tokenized products from BlackRock, Franklin Templeton, and VanEck now live on BNB Chain, alongside Bhutan's sovereign reserve position. The network's auto-burn mechanism removes over $1 billion in tokens quarterly, tightening supply and reducing inflation pressure. Trading near $619, BNB faces critical resistance between $650 and $680; a breakout could push prices toward $750. Market watchers see this period as pivotal for BNB's price direction in May, amid growing infrastructure and transaction volume improvements.