BNB is experiencing a steep decline after Binance’s CEO denied any plans to return to the US market during Trump’s administration. Uniswap is also losing holders as an institutional whale sold $16.73 million tokens. Meanwhile, Lunex Network is emerging as the top DeFi exchange by raising nearly $5 million because of significant whale accumulation.
BNB (BNB) Falls Below $700 After CEO Denies Return to US Market
During President Trump’s crypto-friendly administration, BNB’s CEO Richard Teng was recently asked whether Binance will return to the US market. Since Teng explained that Binance is more focused on global deployment, BNB’s price has rapidly declined. After rejecting the critical $723 level, BNB’s price chart has fallen into the red zone after recording steep declines.
BNB is trading for $679.32 after an intraday decrease of 5.89%. BNB’s volume increased by 40.97% during this period, suggesting high selling activity from short holders.
Uniswap (UNI) Price Crashes After a Major Whale Sells Out
Uniswap appears to be in trouble as whales lose interest in the token. In the last 24 hours, an institutional whale has offloaded nearly 1 million Uniswap tokens worth $16.73 million. After this huge movement, other whales and institutions have started moving their Uniswap holdings to exchanges, which typically signals a sell-off. In addition, Uniswap has only recorded $3.5 million in asset inflows over the last 24 hours, hinting at a bearish market sentiment.
Uniswap is currently trading for $15.11 after an intraday decline of 12.43%. Because of the massive selling activity, Uniswap’s volume has increased by 69.37% during this period.
Lunex Network (LNEX) Dominates Exchange Market by Raising Nearly $5 Million Market Cap
Lunex Network is completely dominating the crypto exchange market after surpassing BNB and Uniswap in terms of new acquisitions. While BNB and UNI struggle to establish a stable price point, Lunex Network has already raised nearly $5 million within a few months of its launch. If Lunex Network continues to attract users with this momentum, analysts believe LNEX holders could enjoy up to 1800% ROIs by early 2025.
Lunex Network’s main claim to fame is its noncustodial DeFi exchange that bridges the gap between isolated blockchains. Using Lunex Network, traders no longer rely on untrustworthy third-party wallets like MetaMask and TrustWallet to make cross-chain transactions.
Instead, they can sign up without providing private information on Lunex Network’s exchange, select any two cryptocurrencies across 40+ blockchains, and enter their recipient wallet address to get the new tokens within minutes. Since Lunex Network has integrated the latest Web3 technology, every transaction is executed at lightning-fast speeds without additional cost.
Another reason traders jump ship to Lunex Network is the platform’s attractive staking rewards. Instead of only being an exchange-based token, Lunex Network offers long-term utility with its native LNEX token. By adding LNEX to their staking portfolio, traders can start receiving staking rewards with up to 18% APYs in as little as 30 days. Since traders can also add more LNEX tokens to the staking pool without losing their initial APYs, Lunex Network allows users to increase the amount of passive income they receive over time.
Considering these revolutionary features, it is no surprise that Lunex Network is outshining both UNI and BNB by selling tokens for a low price of just $0.0044 each.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.