BNB Holds Strong at $650 After Brief Pullback, Ranks Fourth Globally Amid Ecosystem Growth

BNB is currently trading at $650.96, reflecting a 2.14% decrease over the past 24 hours from an opening price of $665.19. The recent price pullback can be attributed to profit-taking after BNB's surge to local highs near $659.42, as well as short-term resistance at the $630–$660 range highlighted by analysts. Despite this minor retracement, overall sentiment remains positive, supported by increased trading activity, ongoing ecosystem developments such as the distribution of HOME tokens through Binance's HODLer Airdrop, and the launch of new trading competitions like Traders League Season 2. BNB maintains a strong market position with a 24-hour trading volume between $1.93 billion and $2.07 billion, a market capitalization of approximately $92.17 billion, and a circulating supply of 140,886,604.31 BNB, ranking it as the fourth-largest cryptocurrency globally. The asset has shown a general upward trend over the past week, despite the short-term volatility seen in the last day.