BNB Rebounds on Easing Trump-Musk Tensions and Strengthening Chain Fundamentals
BNB, the native token of the Binance ecosystem, posted a solid recovery Monday as fading political drama and improving on-chain metrics fueled renewed investor interest.
The token climbed more than 4% from this week’s low, rebounding from $631 to around $657, forming a textbook V-shaped recovery, according to CoinDesk Research’s technical model. Over the last 24 hours, BNB has gained approximately 0.7%.
The turnaround coincides with a reduction in market anxiety tied to the public feud between U.S. President Donald Trump and Tesla CEO Elon Musk, which had contributed to recent volatility across risk assets, including cryptocurrencies.
In parallel, BNB Chain’s network fundamentals are strengthening. According to a new report from Messari, daily active users surged 26.4% to 1.2 million, while Q1 2025 revenue jumped 58% from the prior quarter, reaching $70.8 million.
From a technical standpoint, BNB faces resistance near $657, after strong buying activity was observed around the $650 level. A key short-term pivot lies at $654, with traders awaiting the U.S. CPI report due Wednesday for clues on potential market direction.
Meanwhile, Binance continues to push forward on product innovation. Its June 9 hackathon has introduced new tracks focusing on decentralized science (DeSci) and physical infrastructure networks (DePIN)—signaling ongoing commitment to ecosystem development.
