BNB saw sharp intraday swings over the past 24 hours, trading between $849.88 and $868.76, a roughly 2% range. Early bullish momentum faded as the token approached resistance near $868.
The volatility follows filings with the U.S. Securities and Exchange Commission by REX Shares and the emergence of BNB-focused treasury firms such as B Strategy, which plans to hold up to $1 billion in BNB with backing from Binance co-founders Changpeng Zhao and Yi He.
Network activity on BNB Chain surged, with daily active wallet addresses more than doubling to around 2.5 million, according to DeFiLlama. However, transaction volumes have steadily declined since late June, reflecting uneven on-chain activity despite institutional interest.
BNB faces macro pressure ahead of U.S. economic releases, including manufacturing and services surveys and August payroll figures, which could affect expectations for a potential Federal Reserve rate cut.
Technical Overview
BNB jumped from $860.30 to $868.08 but ran into heavy selling at $867–$868, establishing a key resistance level. Volume peaked at 72,000 tokens, above the session average of 54,000. The token retraced to $850–$855, with dips to $851.40 triggering volume spikes and confirming buying interest at lower levels.
