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Binance coin pumps by almost 3% in an hour with large volume sell orders

Namrata Shukla

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Binance coin pumps by almost 3% in an hours with large volume sell orders
Source: Pixabay


Most major cryptocurrencies saw the bull smile at them as the prices surged on June 15. Binance coin [BNB] saw a rally that pumped the price of the seventh largest cryptocurrency by over 4% within the four hours.

Source: Trading view

Source: Trading view

The price of the coin pumped and was trading at approximately $33, while according to the data of CoinMarketCap, the spike was noticed by 2.13% over the past day. The market cap of the coin was noted to be $4.75 billion as the 24-hour trading volume was reported to be $696.34 million. In the past seven days, the coin registered 5.42% growth after recovering from a fall.

The twitter users caught the large volume of BNB being traded after a long time. Twitter user @krugermacro said:

“$BNB puking, largest selling volume in ages.”

Source: Twitter

Source: Twitter

The news of Binance restricting the users in the United States impacted the price of the coin, however, the coin was quick to recover from it. The highest trading volume within 24-hours was noted by Binance with BNB/USDT and BNB/BTC pairs, respectively. On the first position, BNB/USDT noted a volume of $151 million followed by BNB/BTC with $147 million. The third place was taken by BKEX exchange with BNB/USDT pair as it reported a volume of $99 million.





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