BNB is currently trading around $1,105.78, a slight 3.05% decline, but its 24-hour trading volume has increased by a massive 55.10% to over $4.16 billion. With a market cap of over $152.3 billion, BNB still holds its position as the 5th largest cryptocurrency.
🔥 Key Drivers and Growth Factors:
Market Confidence: The recent news of Binance’s former CEO’s pardon has sparked a positive response among investors, indicating an improvement in the regulatory environment.
BNB Chain’s Strong Growth: The number of users on BNB Chain is increasing due to its low average gas fee of $0.01. This growth is evidenced by over 650 million unique addresses and 10.8 million active addresses as of August 2025.
Deflationary Tokenomics: 1.44 million BNB worth about $1.65 billion was removed in the 33rd quarter auto-burn, further strengthening the BNB shortage.
New Projects & Airdrops: $45 million reload airdrop and new projects like Pieverse are increasing on-chain activity and user interest.
📊 Technical View:
Currently, the $1,100 level is acting as a key support for traders. A bounce from this level could target $1,148 and $1,182. However, traders should be cautious as the Fear & Greed Index is at 39 (“Fear”).
BNB has proven its long-term importance in the crypto market by growing nearly 100% since the start of the year and setting a new ATH (all-time high).
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