The trend in whale activity on Santiment concerning BNB has been steadily increasing. The percentage of stablecoins held by whales with more than $5 million has been on the rise. This suggests that large investors are positioning themselves for a potential bullish rally.
After retesting the $593 support level, Binance Coin's (BNB) price was consolidating in a symmetrical triangle1. At the time of writing, the crypto was valued at over $608, down almost 15% from its latest all-time high.
BNB's price surged by 22.44% to reach its all-time high after the breakout on 24 May.