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Binance Coin (BNB) adoption is accelerating, with non-sybil users reaching a record 1.7 million, signaling genuine growth in the network’s user base.
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Active addresses on the BNB chain have surged to 2 million, reflecting increased engagement and utility beyond mere speculative activity.
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According to COINOTAG sources, the influx of large whale traders and bullish futures positioning further supports a positive outlook for BNB’s price trajectory.
BNB adoption hits new highs with 1.7M verified users and 2M active addresses, backed by bullish futures and whale activity, setting the stage for potential price gains.
BNB Adoption Growth Driven by Verified Non-Sybil Users
Recent on-chain analytics reveal a significant uptick in non-sybil users on the BNB chain, reaching an unprecedented 1.7 million. This metric excludes bots and airdrop hunters, offering a clearer picture of authentic user engagement. The rise in verified users is a strong indicator of organic demand and network utility, as more real participants interact with the blockchain.
This surge in genuine users is complemented by a notable increase in daily active addresses, which have climbed to a monthly high of 2 million. New wallet creations have also spiked, hitting 595.7k in the same period. These trends collectively suggest that BNB’s ecosystem is expanding with meaningful user adoption rather than artificial inflation.
Source: Artemis
Source: Artemis
Market Sentiment Bolstered by Bullish Futures and Whale Activity
Alongside growing user adoption, market data indicates a strong bullish sentiment among futures traders and large investors. The Futures Taker Cumulative Volume Delta (CVD) for BNB has remained predominantly positive over the past 90 days, highlighting a dominance of long positions. This suggests that traders expect upward price movement and are actively positioning themselves accordingly.
Moreover, the average order size in futures markets has increased, with large whale trades becoming more frequent. This influx of substantial buy orders from whales reinforces confidence in BNB’s near-term prospects, as these investors typically conduct thorough due diligence before committing significant capital.
Source: CryptoQuant
Source: CryptoQuant
Price Outlook: Potential for Upside with Key Support Holding
BNB’s price action has shown resilience, bouncing off the $639 support level after a brief retracement triggered by geopolitical tensions. The combination of rising user adoption and bullish futures positioning lays a foundation for a potential price rally toward $674. Historical data supports this outlook, as previous surges in user activity have preceded notable price breakouts, such as the move to $692 in early May.
However, the sustainability of this upward momentum depends on continued growth in real user engagement and sustained buying pressure from whales and futures traders. Should these factors weaken, a retest of the $639 support level remains a plausible scenario, underscoring the importance of monitoring on-chain metrics alongside price movements.
Conclusion
BNB’s current trajectory is underpinned by a genuine increase in verified users and strong bullish sentiment among large investors and futures traders. This convergence of fundamental adoption and market conviction positions Binance Coin favorably for potential price appreciation. Investors should watch key support levels and user metrics closely, as these will provide critical signals for the next phase of BNB’s market cycle.
