BNB has fallen 2% while Memecoin is trading unable to relax despite ‘hard to ignore’ the rally
BNB, the native token of the BNB chain and is widely used for discounts on the Binance transaction fee, fell more than 2% in the last 24 -hour period in the middle of a spike trading volume and as BNB chain Memecoin Trading that could not relax.
The token dropped from $ 1,308 to low $ 1,255 earlier in the session, recovering at $ 1,270, where it was currently trading. The sale was addressed by a high purchase quantity near the $ 1,255- $ 1,280 range, which signed potential institutional accumulation at lower prices, according to the technical review model of CoinDesk Research.
Despite a moderate bounce, the BNB struggles to recover the main resistance near $ 1,320, leaving the bearish long -term pressure.
This excitement arrives as the BNB chain hits a record 5 trillion gas Used in a single day, driven by 24 million replacement transactions, which cost 77% of total network activity, according to Dune Data.
A new standard 0.05 GWEI gas fee, which is now adopted with major ecosystem partners such as Binance and Trust Wallet, has become cheaper and faster on-chain trading.
“The size of the increase is difficult to ignore, and it is easy to get caught up in headline numbers. But what it really shows is that the community remains one of the strongest forces driving blockchain participation,” Max Rabinovitch, Chiliz’s chief strategy official, told CoinDesk.
“Digital communities have developed in shared goals and emotions, whether it is an Internet subculture, a real-world sports club, or a specific utility. In the case of BNB, its growth reflects an active trade community deeply engaged,” Rabinovitch added. “Price movements apart, however, another reminder that the community is still the spine of the digital asset space.”
The BNB’s fall, worth the point, came after the token to climb more than 45% a month to become the third largest cryptocurrency through market capitalization, just behind Bitcoin and Ether.
The growth of corporate accumulation also plays a role in the rally. CEA industries revealed earlier this year that its bnb handling Moved to 480,000 tokens.
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