worldcoinindex.com
BNB has surged nearly 14% over the past month, recently touching a record high of $881 before pulling back slightly. Despite trading just 2% below that peak, the strength lies in how firmly the token has maintained support levels. In the last 24 hours alone, BNB climbed another 3.4%, reflecting growing investor confidence.
Two on-chain dynamics highlight why this rally could have more legs. First, BNB’s HODL waves show that long-term holders (1–2 years) and conviction buyers (3–6 months) are steadily increasing their share of supply. On July 21, the 1–2 year cohort controlled just 6.56% of supply; by August 20, that figure rose to 7.49%. Mid-term holders jumped even more significantly, from 1.5% to 7.3%. Notably, this buying spree came during a price rally — not a dip — underscoring that these investors are stepping in on strength.
Second, exchange balances are dropping fast. Between August 19 and 20, BNB’s price jumped from $824 to $869 while exchange holdings fell by 530,000 tokens in a single day, dropping from 31.91 million to 31.38 million BNB. Fewer tokens on exchanges typically signal reduced selling pressure, reinforcing the bullish outlook.
From a technical perspective, BNB’s move has closely followed Fibonacci retracement levels. The $881 mark acted as a natural resistance point, aligning with the 0.5 Fib extension. If BNB can decisively clear this level, the next targets sit at $897 and $920, both of which would mark new all-time highs.
Still, risks remain. A drop below $812 would compromise the current trend structure and weaken sentiment. For now, though, the data suggests BNB’s rally is not just speculative — it’s backed by conviction holders expecting higher prices ahead.