BNB, the native crypto for the BNB chain, has experienced a significant surge in market capitalization, surpassing Solana (SOL).

It follows Binance exchange’s recent streak of headlines fueled by its founder and former CEO, Changpeng Zhao (CZ).

BNB Market Cap Outperforms SOL

Over the past week, BNB’s price has increased by 13%, elevating its market cap to over $104 billion, thereby flipping SOL.

Binance’s founder and former CEO, Changpeng Zhao (CZ), commented on this development, reflecting a forward-looking perspective. He emphasized that this milestone is merely an early step in a broader

“Not a competition. But just the beginning,” CZ remarked.

The BNB Chain’s performance, processing 68.3 million transactions in the past 30 days, further highlights the traction. Data on Dune shows BNB accounts for over 6% of the total transactions, only second to Solana.

With this, it has effectively become the leading Ethereum Virtual Machine (EVM) chain by monthly transactions.

Concurrently, the BNB Chain ecosystem is witnessing a resurgence of meme coins, particularly with the emergence of the Four.meme platform. Data on Dune shows that this platform has facilitated the creation of over 12,000 meme tokens in a single day.

Despite sector competition from Solana’s Pump.fun and Tron’s SunPump, the turnout suggests a growing interest in meme-based cryptocurrencies within the BNB Chain community. Nevertheless, actions such as malicious attacks remain a consistent threat, interrupting platform performance.

As BNB continues its upward trajectory and platforms like Four.meme gain traction, the interplay between technological advancements and market sentiment remains a focal point for industry observers.

Analysts Highlight Technical Bounce for BNB

Meanwhile, BNB also posted the strongest gains among the top 30 cryptocurrencies, surging 12% to around $711. It stood out as one of the few tokens to show positive price movement while the broader market struggled. Crypto analyst Zeus expressed optimism about BNB price, citing CZ’s influence.

“I don’t think everyone is bullish enough on BNB. We’re in peak crime season and CZ is one of the, if not the greatest criminals in the space. Every chart I look at makes me feel more bullish, I think we get a serious move to BNB chain…,” Zeus wrote.

The analyst also suggests a potential shift of investor interest from Solana to the BNB chain due to perceived better efficiency. This, in their opinion, could significantly influence BNB’s price.

Additionally, analysts suggest that listing new meme coins, such as TST and CHEEMS, on Binance might have contributed to the surge. These listings and CZ’s continued promotion of the BNB Chain have strengthened market confidence in the ecosystem.

The increased trading activity on Binance, the world’s largest crypto exchange, may have also played a crucial role in BNB’s recent performance.

BeInCrypto data shows BNB is trading for $713.93 as of this writing, representing a nearly 13% surge in the past 24 hours.

Ondo Finance (ONDO) price has been in a consolidation phase over the past few days, but it remains up 20% in the last 30 days, solidifying its position as one of the most relevant RWA (Real-World Assets) tokens in the market. Despite its recent lack of momentum, ONDO continues to hold a $4.2 billion market cap.

Key indicators suggest uncertainty, with trend strength weakening and buying pressure fading. Whether ONDO breaks out of its range or continues consolidating will depend on its ability to regain momentum in the coming sessions.

ONDO DMI Shows Lack of a Clear Trend

ONDO DMI chart shows an ADX of 10.7, remaining below 15 for five consecutive days, signaling extremely weak trend strength. The ADX (Average Directional Index) measures trend strength rather than direction, with values below 20 typically indicating a lack of a strong trend and above 25 suggesting a more established movement.

Since ONDO’s ADX has stayed low for several days, it confirms the market is in consolidation, with no clear bullish or bearish momentum.

Meanwhile, the +DI has dropped from 24.2 to 19.7, while the -DI has risen from 12.8 to 16.6, showing a slight shift in directional strength but no decisive breakout. Although these movements suggest some shifts in buying and selling pressure, both indicators appear to be stabilizing.

This aligns with ONDO current sideways price action, where neither buyers nor sellers have full control. Until ADX rises above 20, a strong trend is unlikely, and ONDO may continue consolidating in the short term.

ONDO CMF Struggles to Stay Positive

ONDO CMF is currently at 0.01, dropping from 0.1 in the past day after spending nearly two weeks in negative territory between January 31 and February 10.

The Chaikin Money Flow (CMF) measures buying and selling pressure based on volume and price action. Values above zero indicate accumulation and values below zero signal distribution.

A rising CMF suggests stronger buying interest, while a declining or negative CMF indicates selling pressure dominating the market.

ONDO failing to sustain above 0.1 and now trending lower suggests a weakening bullish momentum.

With CMF barely holding above zero, buying pressure is fading, increasing the risk of a return to negative values. If it dips below zero again, it could indicate renewed selling pressure, potentially leading to a further price decline or extended consolidation.

ONDO Price Prediction: Will the Consolidation Continue?

ONDO price has been trading within a tight range between $1.38 and $1.31 in the last few days, even after it announced its own Layer-1. Its EMA lines are closely aligned, signaling a lack of clear momentum.

Despite its sharp correction from $1.60 to $1.13 between January 30 and February 2, it remains one of the largest RWA tokens, maintaining a $4.2 billion market cap. The current sideways movement suggests the market is indecisive, waiting for a breakout in either direction.

As one of the most interesting RWA coins for February, if ONDO establishes an uptrend, it could first test resistance at $1.49. If that level is broken, a further push toward $1.66 could follow.

However, if bearish pressure increases and the $1.28 support fails, the price could extend its decline toward $1.00.