{"id":51993,"date":"2025-10-09T15:31:56","date_gmt":"2025-10-09T15:31:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51993"},"modified":"2025-10-09T15:31:56","modified_gmt":"2025-10-09T15:31:56","slug":"bnb-falls-2-as-memecoin-trades-unwind-despite-hard-to-ignore-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51993","title":{"rendered":"BNB Falls 2% as Memecoin Trades Unwind Despite ‘Hard to Ignore’ Rally"},"content":{"rendered":"
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BNB, the native token of BNB Chain and widely used for transaction fee discounts on Binance, fell more than 2% in the last 24-hour period amid a trading volume spike and as BNB Chain memecoin trades unwind.<\/p>\n

The token dropped from $1,308 to a low of $1,255 earlier in the session, recovering to $1,270, where it\u2019s currently trading. The selloff was met with high-volume buying near the $1,255-$1,280 range, signaling potential institutional accumulation at lower prices, according to CoinDesk Research’s technical analysis model.<\/p>\n

Despite a modest bounce, BNB struggled to reclaim key resistance near $1,320, leaving short-term bearish pressure intact.<\/p>\n

This turbulence came as BNB Chain hit a record 5 trillion gas<\/a> used in a single day, driven by 24 million swap transactions, accounting for 77% of total network activity, according to Dune<\/a> data.<\/p>\n

A new standard gas fee of 0.05 Gwei, now adopted across key ecosystem partners like Binance and Trust Wallet, has made on-chain trading cheaper and faster.<\/p>\n

\u201cThe scale of the rise is hard to ignore, and it\u2019s easy to get caught up in the headline numbers. But what this really shows is that community remains one of the strongest forces driving blockchain participation,\u201d Max Rabinovitch, Chief Strategy Officer at Chiliz, told CoinDesk.<\/p>\n

\u201cDigital communities thrive on shared purpose and sentiment, whether that\u2019s an internet subculture, a real-world sports club, or a specific utility. In BNB\u2019s case, its growth reflects an active trading community that\u2019s deeply engaged,\u201d Rabinovitch added.<\/em> \u201cPrice movements aside, however, it\u2019s another reminder that community is still the backbone of the digital asset space.\u201d<\/p>\n

BNB\u2019s drop, it\u2019s worth pointing out, came after the token surged more than 45% in a month to become the third-largest cryptocurrency by market capitalization, behind just bitcoin and ether.<\/p>\n

Growing corporate accumulation also played a role in the rally. CEA Industries revealed earlier this year that its BNB holdings moved to 480,000 tokens.<\/a><\/p>\n

Disclaimer:<\/strong>\u00a0Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to\u00a0our standards<\/a>. For more information, see\u00a0CoinDesk’s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BNB, the native token of BNB Chain and widely used for transaction fee discounts on Binance, fell more than 2% in the last 24-hour period amid a trading volume spike and as BNB Chain memecoin trades unwind. The token dropped from $1,308 to a low of $1,255 earlier in the session, recovering to $1,270, where […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51993","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51993"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51993\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}