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Cryptocurrency

Here Are Some Binance Coin (BNB) Eye Poppers For You

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A former Tokyo Stock Exchange software engineer built and launched the Binance cryptocurrency exchange in 2017. Soon after that, they issued BNB as a native token for its ecosystem.

One of the features that makes it original is BNB’s supply limit of 200 million and Binance’s regularly scheduled BNB “burns.” These are intended to halve its supply effectively.

The company cryptographically locks up some of its own BNB tokens in a way that makes them impossible ever to retrieve or spend again, thus “burning” them.

As a result, the value of the remaining BNB supply increases in an exchange economy against fiat currencies and stablecoins.

That’s a way for the company to share some of the profit with all the other token holders. It provides built-in, long-term support for BNB price growth. So far, ROIs for long-term BNB holders have been very attractive when compared to returns on investment for US stock owners.

Here are some eye-popping BNB crypto token figures, milestones, and comparisons for you.

1. BNB Price Record High To Date (Jul. 28): $850

The BNB price rally on crypto exchanges in July took it to an all-time high record of $850. Even though the price has since declined by some 12%, this is still a very impressive accomplishment.

Over the past month, that’s a +14% ROI, after settling down to $755 at the time of this writing.

This also makes for an impressive growth of around 35% in the past 365 days. Since debuting on crypto exchanges at $0.10 for 1 BNB coin eight years ago in July 2017, that’s an ROI of 849,900%.

It’s an average annualized ROI of 106,237% for Binance tokens over the eight years since the landmark crypto bull market year of 2017.

BNB Tokens vs. S&P 500 US Stocks Compared

By comparison, the S&P 500 Index grew by 158% from Jul. 2017 until this July.

The average annualized ROI of 19.75% for the past eight years was well above average for the broad US stock market benchmark. For many decades now, the S&P 500 has delivered around 10% yearly ROI.

The eight-year ROI from 2017 BNB tokens, approaching one million percent, is staggering compared to the 158% growth from stocks that most people’s grandparents are relying on to keep their retirement years secure and comfortable.

Investing relatively small amounts of money in Binance in 2017 has remarkably produced a significantly life-changing, trajectory-altering financial result for the average household or business.

Are results this extraordinary and unheard of even real? Is there something questionable or dubious about them?

2. BNB Market Cap Surpasses $100 Billion

Amazon shares delivered investors 298,666% ROI in 28 years. Something almost three times that gargantuan percentage in less than a third of the time is par for the course with the Internet’s accelerating rates of market adoption for new tech platforms.

Binance and its BNB currency are no small flash in the pan. Comparisons to US tech giants Microsoft and Amazon are apt and plentiful. It’s not just BNB’s price growth and ROI that are impressive, but its market cap.

The total market capitalization for the BNB economy surpassed $100 billion in July for the third time since last December and in Nov. 2021.

Binance is just eight years old. In 28 years, Amazon has grown to be a nearly $2.5 trillion market cap company by common stock shares.

The sheer, relentless, daily volume of profitable business that Binance conducts with customers, swapping cryptocurrencies for a small fee per transaction, supports the growth in its native token’s market cap and exchange prices.

Binance has gotten into trouble with the U.S. government for anti-money laundering law violations and settled them with the Department of Justice by paying a stiff $4.3 billion fine.

That puts the exchange in the same company as every banking giant like JP Morgan in Warren Buffett’s portfolio, which has also paid massive corporate fines to the US government over similar cases.

3. Nanotech Grabs Corporate BNB Treasuries In 2025

Meanwhile, another corporate treasury stockpile race is brewing over BNB tokens.

Michael Saylor and his Washington, D.C.-based Strategy, Inc. have started investing in Bitcoin over the past four years. Now, even the US government is collaborating with the crypto bros to stockpile BTC, ETH, XRP, SOL, and ADA.

Then you’ve got a publicly traded hotel company in Japan and an online sports betting company in Minnesota piling billions into Bitcoin and Ethereum.

Now, two nanotech firms are buying BNB tokens to establish their own corporate crypto treasuries.

Chinese microchip designer Nano Labs is snapping up some $90 million worth of 120,000 BNB tokens to rebalance its corporate finances.

Pennsylvania-based biotech firm Windtree Therapeutics announced on July 24 that it is committing $520 million to its BNB token treasury strategy, a move aimed at attracting major institutional investment, bringing its total to $700 million.

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Cryptocurrency

Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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