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Title: Binance Coin (BNB) Price: Bullish Momentum Builds Despite Whale Sell-Offs
Despite a recent whale sell-off, the price of Binance Coin (BNB) has continued to build bullish momentum. The token has broken above $700 and reached an impressive milestone of $720, only to correct lower. However, its performance trails other major cryptocurrencies in terms of market capitalization.
While large holders with more than 10,000 BNB tokens have reached a near three-month low, indicating some institutional selling, the on-chain data suggests mixed signals from whales. The token’s network upgrades and enhanced scalability have doubled transaction throughput and reduced block times to an astonishing 0.75 seconds. This technical improvement aims to make the chain more attractive for decentralized applications.
Moreover, BNB Smart Chain has made strides in real-world asset tokenization initiatives. The company extended its Zero Fee Carnival until July 31, 2025, removing fees for USDT and USD1 transactions and boosting user activity on the network. Additionally, Kraken and Backed Finance have launched tokenized stock offerings on the BNB chain.
On-chain data indicates that institutional investment has started to flow into the market, with nearly $140 billion in fresh capital entering the altcoin market during this period. This influx of cash contributed to a total market cap of $1.47 trillion, outpacing the growth witnessed by other top cryptocurrencies. Binance Coin received approximately $4 billion in capital inflow within this timeframe.
Despite institutional interest and technological advancements, BNB has struggled to keep pace with its peers. The token’s relative weakness compared to higher-beta alternatives that have attracted more capital raises questions about its market position. In conclusion, while BNB’s performance may lag behind other top cryptocurrencies, the token’s price momentum remains strong as it seeks a potential breakout above $749.72.
The analysis concludes by sharing charts and strategies to help traders maximize their profits.
Source: coincentral.com
