The FOMO sentiment on Binance Chain should cool down!\n$BNB surged strongly + the outbreak of on-chain activities has plunged the market into endless FOMO and revelry. The reason for the repeated new highs of $BNB is mainly driven by on-chain usage, burning mechanism, and treasury companies. The activity on Binance Chain has dramatically amplified, giving rise to a new wave of meme fever, with the speed of increase being so exaggerated that it has drained the liquidity of the secondary market. Altcoins are like a stagnant pool, slowly drying up, which is a manifestation of extreme speculative sentiment in the market, very dangerous! It must be said that Binance's market-making ability is invincible and cannot be replicated, because behind it are 275 million users! However, behind the on-chain revelry, the profit-taking from $BNB has already begun to escape, and furthermore, my counter-indicator brother suddenly rushed to buy 10,000 USD of a meme coin close to the brink of zero today! A short-term adjustment for BNB will come soon; emotional adjustments are irreversible! The expected adjustment target is around 1020, with a short-term effective support level around 1150\n\nFollow me to avoid getting lost, your support is the motivation for my sharing!\n\n
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