‘Distribution is the key’: BNB’s 129% rally resembles Solana’s 2024 surge

BNB has decreased over 2.5% after achieving a new all-time high of above 1,300 USD. Despite this drop, the token increased by 129% in the past year.

Trading remains volatile with BNB fluctuating within a 62 USD range before settling at 1,250 USD. Trading dynamics reflect ongoing high engagement in the BNB ecosystem.

Experts like Jack O’Holleran emphasize distribution as a growth factor, drawing parallels with Solana’s liquidity movements. They warn about potential exhaustion if capital begins to leave.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts