BNB Retreats as Solana Overtakes in Market Cap, Key Support Holds Amid Institutional Moves
By CD Analytics, Francisco Rodrigues | Edited by Sheldon Reback | July 22, 2025, 9:31 p.m.

BNB slipped nearly 1.5% over the past 24 hours, falling to around $765 after reaching a weekly high of nearly $780. The pullback occurred in volatile conditions, carving out a $34.87 trading range as institutional selling triggered a flurry of liquidations near the $760 level. CoinDesk Research’s technical data shows volume spiking to nearly 12,000 tokens within an hour—marking heightened activity as buyers stepped in to defend key support.

Despite the attempted defense, BNB’s underperformance allowed Solana’s SOL to leapfrog it in total market capitalization. SOL gained 3.5% over the same period, pushing its market cap to $109.3 billion—surpassing BNB’s $106.6 billion.

Technical action showed rejection candles forming near the $770 resistance area early in the trading day, signaling likely profit-taking by large holders. However, bulls mounted a defense at $745.75, triggering a brief rebound.

In ecosystem-related news, Binance announced a temporary suspension of BNB Smart Chain withdrawals scheduled for July 23, citing wallet maintenance expected to last approximately 30 minutes.

Meanwhile, blockchain infrastructure firm Nano Labs disclosed it had increased its BNB holdings to 120,000 tokens, estimated to be worth roughly $90 million—suggesting growing institutional accumulation even amid short-term price weakness.