Despite the increase in BNB volume, it lagged behind market performance.

The Rise of BNB and Market Situation

BNB has gained a value of 1% by breaking above the $890 level. However, while the overall cryptocurrency market has seen an increase of 2.5%, BNB did not perform in line with this development.

Notable Increase in Trade Volume

The trade volume for BNB has shown an increase of 51% above the weekly average. This indicates that market participants may be large investors. However, this appearance in BNB's price may suggest a growing sentiment among investors to distance themselves from the token.

Fundamental Indicators and the Ongoing Process

Despite uncertainty and a lack of an exit, BNB's fundamental indicators are providing positive signals. Recent developments, such as the Binance approval from the Abu Dhabi Global Market (ADGM) and new infrastructures built on the BNB Chain, offer supportive factors for investors. However, market participants remain cautious despite these positive developments.