BNB Price Targets $1,200 as On-Chain Activity Surges
BNB Price and Market Activity
- BNB price surpassed the $1,000 mark, targeting further gains up to $1,200.
- The $780–$800 range now serves as significant support, with potential upward targets of $1,100 and $1,200.
- A drop below $780 might lead to a sharp correction.
BNB Chain Activity
- BNB Chain experienced its largest-ever daily stablecoin inflow, indicating increased liquidity and on-chain activity.
- The growth of the decentralized exchange Aster has contributed to heightened activity on the BNB Chain.
- @FLOKI is noted as the most actively traded memecoin on the BNB chain.
Changpeng Zhao's Wealth Increase
- Since the BNB rally, Binance founder Changpeng Zhao's wealth has grown by approximately $54 million per day.
- CZ's net worth increased from $61 billion to $80.6 billion, despite previous legal issues.
- Zhao retains about 90% ownership of Binance and substantial BNB holdings.
- BNB surged over 80% since CZ's release from prison.