$XRP looking for a breakout after reversing the downward trend. This is looking to a great support. We can push towards good heights from here if the volume holds.
Binance Traders League is back with a $6M prize pool! 🤯 Join Spot & Futures Solo ROI and Team PnL Competitions, Stream live on Binance Square to grow your following.
🗓️ Pre-registration runs from 2 to 8 June 2025, and the trading activity period will run from 9 June to 6 July 2025. Visit Binance Traders League for more details: https://www.binance.com/en/activity/trading-competition/traders-league-june-2025
BNB Chain #1 in On-Chain Trading Volume, far outpacing Ethereum and Solana:
$BNB chain recorded $13.31 billion in decentralized exchange (DEX) trading volume, according to DeFiLlama and Blockchain.News. (May 26th)
This performance just didn't out-perform close competitors but did it in multiple folds. 7.9x that of Ethereum ($1.675B) and 5.7x that of Solana ($2.32B) to be exact.
The primary drivers are Binance Wallet and Binance Alpha. behind this tremendous growth. Data shows that on May 29, BNB Chain accounted for 98.6% of daily on-chain trading volume among tracked blockchains, further provingstrong user migration and ecosystem dominance.
$BTC Liquidation around 104/105K has been successfully taken. Meaning we won't see much downward action from here, hopefully. There's good amount of liquidity on the upper side now. We should be hunting those now. 🚀
$BTC exchange reserve is hitting an all time low 🚨
Meaning traders are buying BTC and taking those out of exchanges. This will create a shortage of BTC within the exchanges which can result in higher prices as there will be shortage of supply.
But this time institutions, countries plays a big role for the supply shock.
Binance Alpha allows users to research and trade Alpha tokens – early-access assets from emerging Web 3.0 projects. And this is changing the game. Binance Wallet recorded more than $7 BILLION in daily crypto wallet trading volume on May 21, 2025, capturing 95.3% of trading volume share tracked across 12 major wallets (Dune Analytics). 🤯
The recent data for Binance Alpha's TGE is also incredible. Across the last 16 TGEs, the average FDV (fully diluted valuation) at launch was just $16.7 MILLION.