BNB Defies Market Gloom with a Surge, Coinbase May Jump In!

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Markets

What to know:

  • BNB rose 3% in the last 24 hours, leaving the broader crypto market in the dust.
  • The token’s climb is fueled by growing adoption and Coinbase eyeing a potential listing.
  • Even with the recent price jump, BNB is still 17% off its all-time high of $1,370. Traders seem to be trying to figure out if the good times will last or if this is just a mirage.

Well now, look at this-BNB, the native token of the BNB Chain, has risen more than 3% in the past 24 hours. Who would’ve thought? Here we have a little old token, making some waves in the ocean of cryptocurrencies. With institutional momentum and some savvy selling mixed in, it made its way up just in time for the weekend.

The token took a little jaunt from $1,056 to $1,087, peaking at a glorious $1,131 in the early morning hours. Then, of course, it pulled back a tad, but hey-what goes up, right? It’s still doing better than the wider crypto market, which only managed a modest 2.43% increase. A round of applause for BNB, please!

Now, don’t go getting too excited just yet-there was a slight dip after hitting some resistance. Profit-taking, they call it. That late dip doesn’t fool us though. Trading volume hit a whopping 204,000 tokens-three times the daily average. Looks like the big players are in on the action. Guess we’ll see what happens when the dust settles.

And here’s where things get juicy: Coinbase, that shiny exchange that everyone knows, has decided to put BNB on its radar. The crypto giant is considering the token for full platform support after launching their new “Blue Carpet” initiative. Yeah, sounds fancy, huh? CoinDesk 20 be warned: BNB’s coming for you.

But wait-there’s more! China Merchants Bank International (CMBI) has tokenized its USD money market fund on the BNB Chain. That’s right, folks-accredited investors can now get their hands on some tokens, CMBMINT and CMBIMINT. What’s next? Tokens for your morning coffee?

BNB Chain has also made a bit of history-over 3.6 million daily active addresses last week. DeFiLlama, a credible source, reports it’s the highest number ever. So yeah, it looks like things are heating up in BNB-land.

And the corporate world isn’t staying out of this party either. China Renaissance, an investment bank, is reportedly cooking up a $600 million treasure chest focused solely on BNB. I guess they’re buying in-literally.

Still, let’s not get carried away. BNB remains 17% below its all-time high of $1,370. A little volatility here and there doesn’t hurt anyone, but with an intraday spread of $79, it’s clear the traders are a bit confused. Rising demand meets market unease-classic case of “I’m not sure whether to buy or sell.”

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2025-10-18 19:31