BNB’s fall below $1K, explained: Why investors are leaving the chain
The post BNB’s fall below $1K, explained: Why investors are leaving the chain appeared on BitcoinEthereumNews.com.
Key Takeaways Why did BNB lose its 35-day hold above $1,000? Because on-chain activity collapsed—daily transactions fell nearly 50%, network utilization dropped from 51% to 19%, and DEX volume shrank by $5.02B. What role did stablecoins play in the decline? Stablecoin supply on BNB Chain dropped by ~$98M, signaling capital rotation out of the ecosystem instead of sidelined buying interest. BNB ranked among the market’s leading gainers as the broader Binance ecosystem attracted fresh capital. In fact, BNB Chain reached new all-time highs multiple times within a short interval this year. The asset crossed the psychological and technical threshold at $1,000 and managed to stay above that level for just over thirty-five days—between the 29th of September and the 3rd of November—after recording an all-time high of around $1,375. However, the recent pullback suggests that deeper weaknesses have started to appear beneath the surface. On-chain demand failed to hold Binance Coin’s [BNB] slide to around $857— a 25% decline— has largely resulted from a clear slowdown in on-chain demand. The weakness did not arrive suddenly. Instead, data shows a gradual exhaustion of activity and a steady drop in usage on the BNB Smart Chain, which remains one of the strongest drivers of the token’s value. According to data from BscScan, daily active transactions peaked at 31.3 million on the 8th of October, when BNB traded near $1,334. By the 4th of November, when BNB once again dropped below the $1,000 threshold, daily transactions had already fallen by 9.9 million to around 21.4 million. Source: BSCScan At press time, total daily transactions sat at approximately 15.1 million—a drop of nearly 50%. This indicated that the level of activity BNB once facilitated on the backend has declined significantly. Over the same period, overall network utilization plunged from 51% to 19%, confirming a strong…
Filed under: News - @ November 27, 2025 8:27 am