$BNB Binance Coin (BNB) recently saw a spectacular 30% rally, recovering its price from a four-month low. However, the question on many traders’ minds is whether this recent surge marks the start of a new bull run or is simply a temporary rally before another fall. After reaching a market cap peak of $100 billion, BNB has fallen 13% in less than a month, losing its spot among the top five cryptocurrencies by market cap to Solana (SOL). But now, with a 10% gain from its low, BNB has rekindled interest, leaving many wondering if new capital is flowing into the altcoin.

From a Low to a Rapid Rebound

A week ago, BNB dropped to $500, marking its biggest decline in months. This drop erased BNB’s post-election rally to $793, leaving investors uncertain about its future direction. However, in a surprising turnaround, the altcoin has rebounded 30% in just one week. At the time of writing, its market cap has surpassed $90 billion after briefly falling below $75 billion, putting BNB on track to reclaim its spot among the top five cryptocurrencies, with the potential to push Solana out of that ranking.