The rising of the ETH token above the key level of $4300, about $500 below its previous ATH set in 2021 and with expectations of setting a new peak this year, ETH has become the driving force for the market’s return to a “bull” state. The group of CEX tokens is also beginning to show impressive upward movements.
BNB Token Pump Hard, OKB Token Set New ATH
BNB has surpassed the psychological resistance of $800 after many years. As we can see, this signals some signs of speculation from retail investors with the CEX exchange token group.
Source: Coingecko
After a prolonged accumulation period following the 2021 growth cycle, BNB is showing positive signs again. Price data from Coingecko shows BNB is in the $835–$845 range and is currently able to maintain its upward momentum over the last 24 hours. This figure is consistently reported across reputable data platforms such as CoinMarketCap, Coingecko, and the official Binance trading website.
Source: Coingecko
In the other group, OKB caused a major surprise as data from the OKX exchange shows the token just set a new high of $142 during the day, before a slight correction to around $120-$130. This price officially establishes a new peak for the OKB token, far surpassing the old high of $73. The cause may stem from a series of large buy orders, combined with limited liquidity, an announcement of burning 65,256,712.097 OKB tokens for buyback ands reserves, creating a sharp “spike” in OKX’s spot market.
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Alongside the group of impressively growing coins, other exchange coins have also seen slight fluctuations. The token of the Bitget exchange—the BGB token—also experienced a “slight increase”, climbing to around $4.80–$4.90 and increasing by over 10% in 24 hours. Checked again with the real-time data on CoinMarketCap and Coingecko, it’s confirmed the BGB double-digit increase.
Source: Coingecko
Furthermore, Mantle (MNT)—although not directly a traditional “exchange coin”—is often tracked in the same basket by investors due to its connection with the Bybit exchange. MNT is currently trading around $1.02–$1.06, with an increase of about 2–4% in 24 hours depending on the source, indicating improved demand after a previous correction.
From a fund flow perspective, the rise of the exchange token group is often accompanied by the expectation that vibrant trading activity will help accumulate value for the utility tokens. Additionally, exchanges also implement burn/buy-back mechanisms and offer trading fee incentives to increase their appeal, with BNB Coin’s consistent implementation of a token burn schedule being a prime example. Finally, from the retail investors” points of view, they also have a sentiment to seek higher “beta” when the Bitcoin/ETH ratio stabilizes.
However, the volatility of this coin group remains high as it is influenced by multiple factors from the general market, “pump” conditions, and the MM (Market Maker) activities of each exchange. With the volatility of the crypto market, you should carefully check some indicators, such as the trading volume, the funding rates, and other factors related to the relevant ecosystems to assess the sustainability of the trend.
