BNB Price Rises 0.312% as User Base Surges 1.7 Million

BNB's latest price was $647.37, up 0.312% in the last 24 hours. Binance Coin (BNB) has seen a significant increase in its user base, with non-sybil users reaching a record 1.7 million. This metric, which excludes bots and airdrop hunters, indicates genuine growth in the network’s user base. The rise in verified users is a strong indicator of organic demand and network utility, as more real participants interact with the blockchain. This surge in genuine users is complemented by a notable increase in daily active addresses, which have climbed to a monthly high of 2 million. New wallet creations have also spiked, hitting 595.7k in the same period. These trends collectively suggest that BNB’s ecosystem is expanding with meaningful user adoption rather than artificial inflation.

Market data indicates a strong bullish sentiment among futures traders and large investors. The Futures Taker Cumulative Volume Delta (CVD) for BNB has remained predominantly positive over the past 90 days, highlighting a dominance of long positions. This suggests that traders expect upward price movement and are actively positioning themselves accordingly. Moreover, the average order size in futures markets has increased, with large whale trades becoming more frequent. This influx of substantial buy orders from whales reinforces confidence in BNB’s near-term prospects, as these investors typically conduct thorough due diligence before committing significant capital.

BNB’s price action has shown resilience, bouncing off the support level after a brief retracement triggered by geopolitical tensions. The combination of rising user adoption and bullish futures positioning lays a foundation for a potential rally. Historical data supports this outlook, as previous surges in user activity have preceded notable breakouts. However, the sustainability of this upward momentum depends on continued growth in real user engagement and sustained buying pressure from whales and futures traders. Should these factors weaken, a retest of the support level remains a plausible scenario, underscoring the importance of monitoring on-chain metrics alongside market movements.

BNB’s current trajectory is underpinned by a genuine increase in verified users and strong bullish sentiment among large investors and futures traders. This convergence of fundamental adoption and market conviction positions Binance Coin favorably for potential appreciation. Investors should watch key support levels and user metrics closely, as these will provide critical signals for the next phase of BNB’s market cycle.