BNB eyes $809 ATH: 2 major factors fueling its next leg
Main Idea
BNB is nearing its all-time high due to increased on-chain volume, wallet adoption, and institutional support, with key factors including a spike in DEX volume and significant funding backing.
Key Points
1. BNB gained 1.87% in 24 hours, approaching its all-time high of $809, driven by rising on-chain activity and institutional capital.
2. BNB's daily DEX volume reached $3.936 billion, surpassing Ethereum by over $1.5 billion, with a 30-day cumulative volume of $189.2 billion.
3. Wallet adoption surged by 62%, adding over 180,000 new addresses to BNB Smart Chain.
4. Derivatives market data shows bullish trends, with a Taker Buy/Sell Ratio of 1.1 and positive Open Interest Weighted Funding Rates.
5. Windtree Therapeutics established a $520 million BNB treasury fund, signaling long-term institutional confidence in BNB.
Description
Daily wallet growth spiked 62% as 180K+ new addresses joined BNB Smart Chain.
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