BNB’s price slipped nearly 1.5% in volatile trading over the last 24-hour period to trade recently around $765. It’s down from a near $780 high earlier this week.

The move carved out a $34.87 range in a short window as institutional selling hit the market and buyers scrambled to defend key support. Trading volume spiked to nearly 12,000 tokens during a single hour, pointing to a wave of liquidation near the $760 psychological level, according to CoinDesk Research's technical analysis model.

The token’s sluggish performance saw solana's sol (SOL) surpass BNB's market capitalization after rising 3.5% in the last 24 hours. market cap, compared to BNB’s $106.6 billion.

Traders watching the $770 resistance zone saw rejection candles form early in today’s trading session, often a sign of big market participants offloading positions. In response, bulls staged a defense at $745.75, which led to a short-term recovery.

In BNB-related news, Binance announced a temporary pause in on July 23 for wallet maintenance, which is expected to last half an hour. Meanwhile, blockchain infrastructure firm Nano Labs said it increased its , valued at around $90 million.

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