You can tell, right—gameplay can be innovative, KPIs can be designed, Vitalik can show up as a spokesperson, and the technology can outclass the whole crowd. But as long as out of every 64k coins only 1.1 billion are released, with the remaining 8.9 billion lining up behind, the outcome is the same as those junk projects. BNB is now at 578u. We followed the move all the way down the line, and finally the 600u wall was touched—hit as high as 632u—but it couldn’t hold and fell back again.

That matter about a certain exchange’s European license was already digested long ago. The gains over the past two days were mainly just tracking the broader market: BTC bounced back to 64ku, and ETH also rose pretty well; BNB moved along with it.

One data point is worth mentioning: the stablecoin supply on a certain exchange chain has grown to $14.7 billion, up nearly 40% year over year. The growth in the tokenized fund segment is even more outrageous. This ecosystem really is moving forward—not just being propped up by sentiment.

But the price still has the old problem. It surged to 600u and couldn’t hold, which shows the group above is still waiting to break even and unload their bags—this wall hasn’t really been dismantled.

Now it’s at 578u. The 560u area below has been tested repeatedly over this period, so it counts as support.

Only if it stands above 600u do you have the right to talk about higher levels. It’s been touched a few times but hasn’t held, meaning it’s not the time yet.

If it breaks below 560u, then this rebound is basically over.#BNB $BNB