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>>BNB has experienced a significant weekly surge, jumping 30% and surpassing XRP. The cryptocurrency broke through the $1,300 mark, accompanied by a record level of activity on its blockchain.

BNB has experienced a significant weekly surge, jumping 30% and surpassing XRP. The cryptocurrency broke through the $1,300 mark, accompanied by a record level of activity on its blockchain.

crypthub

5 days ago

BNB's Market Surge

Binance Coin (BNB) has significantly increased in value, surpassing XRP and becoming the third-largest cryptocurrency by market capitalization. Its market cap now sits near $182–185 billion, driven by a week of exceptional growth exceeding Bitcoin and Ethereum. The price has broken through key resistance levels, with traders anticipating further gains towards $1,500. Support is currently observed in the $1,200–$1,240 range.

On-Chain Activity and Meme Season

BNB Chain is experiencing record-high on-chain activity, including a surge in daily transactions and active addresses. A boom in memecoins has also contributed to the upward trend, attracting numerous traders and generating substantial profits. CZ-themed tokens, among others, have seen considerable volume and gained traction on DEX platforms.

Institutional Adoption and Utility

Institutional interest in BNB is increasing, with one entity disclosing a substantial BNB holding. Expanding utility through integrations, such as Chainlink's data standard for U.S. macro series, strengthens its position in DeFi, prediction markets, and payments. Sustained throughput and DeFi fees are considered key factors to monitor.

Future Outlook and Risks

The current trend suggests continued growth, but the market remains susceptible to profit-taking. Community concerns regarding leverage and potential manipulation have surfaced due to the rapid pace of gains. Monitoring spot volume and further institutional exposure will be important for future assessment.