The growth of Binance Wallet has significantly outpaced wallets like OKX and MetaMask, with 4.3 million new users added in one week. This surge is attributed to meme farming and airdrop strategies that incentivize BNB token holding, potentially leading to further increases in BNB’s market value.
Binance Wallet processed over 3 billion USD in weekly swaps, and DEX volumes for the BNB chain rose 128%. Despite facing resistance in the 690 USD to 720 USD range, the 640 USD to 645 USD support might set the stage for a bullish breakout, with a potential target reaching 900 USD.
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