$BNB BNB Drops After Failed Breakout, Key Support Holds as Corporate Accumulation Grows

The decline has Solana's sol (SOL) to overtake BNB's market capitalization, with SOL rising 3.5% to a market cap of $109.3 billion.

BNB's price fell almost 1.5% in 24 hours to around $765 after reaching a high of $780 earlier in the week.

The decline allowed Solana's sol (SOL) to surpass BNB's market capitalization, with SOL rising 3.5% to a market cap of $109.3 billion.

Binance announced a temporary pause in BNB Smart Chain withdrawals for wallet maintenance, and Nano Labs increased its BNB holdings to 120,000 tokens, valued at around $90 million.

BNB’s price slipped nearly 1.5% in volatile trading over the last 24-hour period to trade recently around $765. It’s down from a near $780 high earlier this week.

The move carved out a $34.87 range in a short window as institutional selling hit the market and buyers scrambled to defend key support. Trading volume spiked to nearly 12,000 tokens during a single hour, pointing to a wave of liquidation near the $760 psychological level, according to CoinDesk Research's technical analysis model.