BNB Weakens 2% While Memecoin Rally Shows Signs of Exhaustion

BNB Slides 2% as Memecoin Trades Retrace Amid Network Milestone

BNB, the native token of BNB Chain and widely used for fee discounts on Binance, fell over 2% in the last 24 hours as memecoin trades unwound and trading volumes spiked.

The token dropped from $1,308 to $1,255 before stabilizing around $1,270. CoinDesk Research noted that high-volume buying between $1,255 and $1,280 could indicate institutional accumulation at lower levels.

Despite the rebound, BNB failed to reclaim resistance near $1,320, leaving short-term bearish momentum intact.

The price movement coincided with a network milestone: BNB Chain logged 5 trillion gas used in a single day, driven by 24 million swap transactions, representing 77% of total network activity, according to Dune Analytics. A new 0.05 Gwei standard gas fee, now adopted by Binance and Trust Wallet, has made trading faster and cheaper.

Max Rabinovitch, Chief Strategy Officer at Chiliz, emphasized that BNB’s growth highlights the strength of its engaged trading community, underscoring that community remains a core driver in the digital asset space.

The decline comes after a 45% surge in the past month, which pushed BNB to become the third-largest cryptocurrency by market capitalization, behind bitcoin and ether. Corporate accumulation, including CEA Industries’ 480,000-token holdings, also contributed to the rally.