BNB Down 11% From Its ATH Despite Coinbase Listing Signals

BNB Falls 11% From Record High Despite Coinbase Roadmap Nod

BNB has dropped 11% from its all-time high of $1,370, hitting an intraday low of $1,151.50 before stabilizing near $1,180. Its recent inclusion on Coinbase’s listing roadmap has failed to provide meaningful support for the token.

The decline triggered over $630 million in liquidations across more than 210,000 trader accounts, reflecting a broader risk-off sentiment. BNB attempted a partial rebound during the session, climbing to $1,194.06, with trading volume reaching $6.19 million, according to CoinDesk Research.

Adoption and Institutional Demand Expand

Despite the price drop, BNB adoption continues to grow. China Merchants Bank International (CMBI) has tokenized its USD money market fund on the BNB Chain, issuing CMBMINT and CMBIMINT for accredited investors via DigiFT and OnChain.

Coinbase’s roadmap inclusion coincided with its “Blue Carpet” initiative, a streamlined onboarding process for new tokens. While inclusion does not guarantee a listing, it marks a rare acknowledgment of Binance’s native asset.

Institutional demand is also on the rise. China Renaissance, a Hong Kong-listed investment bank, reportedly plans a $600 million BNB-focused treasury, signaling growing corporate interest.

David Namdar, CEO of publicly traded CEA Industries (BNC), said:

“BNB is a blue-chip digital asset with real adoption, deep liquidity, and tangible utility — not just a narrative. The fundamentals speak for themselves.”

Namdar highlighted that the BNB Chain averaged $3.3 billion in daily DEX volume and nearly $10 billion in total value locked across DeFi in Q2, noting that Western investors still largely overlook the token. He described BNB as “digital infrastructure equity” with rapidly growing institutional interest outside the U.S.

“There’s no ETF for BNB, yet institutional demand is rising fast. We’re bridging that gap,” Namdar added.

Market Outlook

BNB is down 0.38% on the day, with traders watching whether the $1,150 support level holds. Broader market concerns, including rising U.S.–China trade tensions, have shifted investors toward safe-haven assets like gold, which recently topped $4,200, putting additional pressure on risk assets such as BNB.