BNB Token Dips 3.69% After All-Time High, Maintains Top 5 Status Amid Strong Volume
BNBUSDT experienced a 3.69% decline over the past 24 hours, with the price dropping from 798.62 to 769.19 USDT. This price change follows heightened volatility after BNB reached a new all-time high above $804, driven by strong trading volume and bullish momentum over recent weeks. The recent quarterly BNB token burn, increased activity on the BNB Smart Chain, and institutional interest from entities such as Windtree Therapeutics and Nano Labs contributed to positive sentiment. However, technical indicators, including an overbought RSI, signaled a potential short-term pullback after the rapid rally. The current market shows BNB trading at 769.19 USDT with a 24-hour volume between $2.84 billion and $4.04 billion, a circulating supply of approximately 139 million, and a market capitalization ranging from $106.04 billion to $119.0 billion, maintaining its position among the top five cryptocurrencies by market cap.
{spot}(NEWTUSDT)
$NEWT Protocol’s 38% 24-hour surge is driven by a technical breakout, altcoin season momentum, and renewed exchange-driven liquidity.
Technical breakout above $0.45 resistance with 513% volume spike
Altcoin season tailwinds as capital rotates into high-beta tokens
Binance integration via VIP Loans and recent airdrop visibility
Deep Dive
1. Technical breakout
NEWT broke above its 7-day resistance at $0.45 on July 23, triggering algorithmic and retail buying. The 7-day RSI hit 85.28 (overbought), while the 24-hour turnover ratio reached 6.86 – extreme liquidity signaling speculative interest. Short-term traders are targeting $0.52–$0.55, with stop-losses clustered below $0.45.
2. Altcoin season momentum
The CMC Altcoin Season Index rose 138% in 30 days, with BNB’s ATH rally (7% daily gain) and CZ’s altseason comments amplifying risk appetite. NEWT’s low market cap ($109M) and high volatility (-0.63% 30d vs +58.52% 7d) make it a target for traders rotating from large caps.
3. Binance liquidity catalysts
While NEWT’s July 2 VIP Loan listing initially caused a 7% drop, the 24-hour volume surge to $750M suggests whales are leveraging Binance’s institutional credit lines. Additionally, 12.5M NEWT airdropped to BNB holders in June are now fully unlocked, creating a low-float environment prone to volatility.
Conclusion
NEWT’s rally combines technical momentum with exchange-driven liquidity, but its 85 RSI and 814% volume/MCap ratio suggest elevated risk. Will NEWT sustain gains if Bitcoin dominance rebounds above 61%?
#newton #Newt
Fresh data from Lookonchain has uncovered a surge in Ethereum accumulation by newly created wallets, pointing to a wave of silent yet significant buying activity. In a recent move, several fresh addresses collectively acquired 40,591 ETH—worth around $148 million—fueling speculation about large-scale strategic positioning.
Digging deeper, the trend appears even more striking. Over a broader window, seven newly established wallets have snapped up a combined 466,253 ETH, with an estimated value of $1.7 billion. The sheer scale of these acquisitions suggests that deep-pocketed players may be preparing for a major shift in the Ethereum landscape, potentially signaling rising institutional confidence or coordinated long-term bets on the asset's future.
$ETH
{future}(ETHUSDT)
Fresh data from Lookonchain has uncovered a surge in Ethereum accumulation by newly created wallets, pointing to a wave of silent yet significant buying activity. In a recent move, several fresh addresses collectively acquired 40,591 ETH—worth around $148 million—fueling speculation about large-scale strategic positioning.
Digging deeper, the trend appears even more striking. Over a broader window, seven newly established wallets have snapped up a combined 466,253 ETH, with an estimated value of $1.7 billion. The sheer scale of these acquisitions suggests that deep-pocketed players may be preparing for a major shift in the Ethereum landscape, potentially signaling rising institutional confidence or coordinated long-term bets on the asset's future.
$TRX Tron Inc. (Nasdaq: TRON) is set to take center stage at the Nasdaq MarketSite in Times Square, New York, as it hosts the opening bell ceremony on July 24. Leading the event will be TRON founder and global advisor Justin Sun, marking a defining moment in the company’s transformation into a full-fledged technology enterprise focused on blockchain and digital assets.
The bell-ringing is more than symbolic—it represents a new chapter in Tron Inc.’s evolution, underlining its commitment to innovation and long-term value creation for shareholders. Once operating under the name SRM Entertainment, the firm now holds the distinction of being the largest publicly listed company with significant TRX token reserves. This milestone not only signals its renewed direction but also positions it as a key player in the future of decentralized technology.
$TRX
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Blockchain activity tied to the Trump-backed crypto project WLFI is raising eyebrows as it continues a stealthy ETH accumulation spree. According to insights from on-chain analyst Ai Yi, a wallet associated with the initiative recently converted 2 million USDC into 560.713 ETH, locking in an average price of $3,566.88 per token.
But this wasn’t a one-off move. Over the last six days, that same address has quietly amassed 10,574.25 ETH—worth nearly $38 million—at an average cost of $3,591.61. With market momentum leaning in their favor, the holdings are now sitting on an unrealized gain of over half a million dollars.
The buying pattern suggests strategic long-term positioning rather than short-term speculation, hinting that WLFI may be gearing up for something much larger in the crypto space.
$ETH
{future}(ETHUSDT)
Joe McCann, founder and CEO of Asymmetric Financial, is preparing to take the helm of a new venture—Accelerate, a Solana-focused treasury company with bold ambitions and even bolder capital plans. The firm is aiming to raise up to $1.51 billion through a multi-pronged financial strategy that includes $800 million via a Private Investment in Public Equity (PIPE), $358.8 million through a SPAC deal, $250 million in convertible bonds, and $103.2 million from SPAC warrants.
If these funding efforts succeed, Accelerate plans to immediately launch a new Solana treasury, positioning itself as a dominant force in SOL treasury management. With McCann at the wheel and significant financial backing in sight, Accelerate could quickly emerge as the leading institution managing and deploying Solana-based assets at scale.
$SOL
{future}(SOLUSDT)
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