Introduction
ance Coin (BNB) should be soaring after a big regulatory win, but instead, it barely moved. Binance.US just got the green light to bring back USD deposits and withdrawals, something that could have pumped BNB’s price. So why is BNB still struggling? Weak trading activity, cautious investors, and low liquidity may be keeping the coin from taking off.
Binance.US Brings Back USD Trading – What Changed?
On February 19th, U.S. regulators approved Binance.US to restart USD deposits and withdrawals. This came after months of restrictions under the Biden administration, which forced the exchange to pause its USD services. Now, Binance.US users can once again deposit and withdraw USD, trade with select USD pairs, and buy crypto using fiat money. Among the 10 trading pairs available, BNB/USD is included, which should have been a major boost for Binance Coin. Usually, when an exchange restores a major service like this, it brings in fresh money—which could increase demand for BNB. But surprisingly, BNB’s price hasn’t reacted much at all.
BNB Fails to Take Off – What’s Holding It Back?
Even after the big news, money flowing into the BNB network has barely increased. One key sign of this is Total Value Locked (TVL), which shows how much crypto is held within Binance’s ecosystem. TVL currently sits at $5.543 billion, only $25 million higher than its low of $5.502 billion on February 18. That’s not a big enough jump to signal a strong rebound. This means investors aren’t rushing in, keeping BNB stuck and under pressure.
Traders Are Hesitant – Why?
Data shows that BNB’s price is currently around $650.1 while there has been a small increase in trading activity, it hasn’t been strong enough to move the price significantly.
- Daily active addresses (wallets making transactions) rose from 1 million on February 15 to 1.3 million.
- Daily transactions also increased from 4.8 million to 5.6 million.
These numbers suggest some renewed interest in BNB, but not enough to create a breakout. Traders are still being cautious, likely waiting for stronger signs of growth before making big moves.
Will BNB Stay Stuck or Finally Break Out?
Right now, BNB remains in a tough spot. Even though Binance.US restored USD trading, BNB’s price has barely budged. Over the past 24 hours, BNB is down −0.49%, and it continues its -4.36% monthly decline. For BNB to break free, it needs more investors, stronger buying activity, and better liquidity inflows. If these things don’t pick up soon, BNB could stay stuck for a while longer—leaving investors frustrated and waiting for a real move.
