BNB Whales Buy 3,457 Tokens at $595 After Four-Day Decline Below $600

Binance Coin (BNB) traded at $592 after gaining 0.65% over the past 24 hours, following rejection at $632 a week ago and four straight days below the $600 support level. A wallet linked to TechnoRevenant sold 492 XAUT worth $2.05 million and used proceeds to buy 3,457 BNB at an average price of $595, signaling whale positioning for potential recovery. On-chain data from CryptoQuant showed elevated whale-sized orders for seven consecutive days, with Spot Taker CVD remaining buyer-dominant despite recent price weakness.

TechnoRevenant Swaps $2.05 Million XAUT for 3,457 BNB

With Tether Gold (XAUT) trading 24% below its January peak of $5,595, a wallet linked to TechnoRevenant sold 492 XAUT worth $2.05 million, according to Onchain Lens. The wallet then used the proceeds to buy 3,457 BNB at an average price of $595. TechnoRevenant gained prominence for turning a $15 million early investment in World Liberty Financial (WLFI) into a position worth roughly $250 million and for making multi-million-dollar trades on Hyperliquid.

CryptoQuant Data Shows Seven Days of Elevated Whale Orders

CryptoQuant's Spot Average Order Size showed elevated whale-sized orders for seven consecutive days. The metric reflected sustained participation from large traders but did not reveal whether those orders were buys or sells. When combined with Spot Taker CVD, the picture appeared more constructive. Spot Taker CVD remained buyer-dominant, suggesting whales continued accumulating BNB despite recent weakness.

RSI Forms Bullish Crossover as Spot Netflow Rises

BNB recovered from $570 to nearly $595 over recent sessions. The Relative Strength Index (RSI) formed a bullish crossover and climbed to 44, suggesting buying momentum was gradually returning. The RSI remained below the neutral 50 level, with its signal line near 42. Spot Netflow rose to $3.2 million on the 22nd of June, signaling increased exchange deposits. Higher exchange inflows often indicate growing sell-side pressure.

FAQ

What did the TechnoRevenant wallet buy after selling XAUT?
The wallet linked to TechnoRevenant sold 492 XAUT worth $2.05 million and bought 3,457 BNB at an average price of $595, according to Onchain Lens.

What does CryptoQuant data show about whale activity in BNB?
CryptoQuant's Spot Average Order Size showed elevated whale-sized orders for seven consecutive days, while Spot Taker CVD remained buyer-dominant, suggesting sustained accumulation by large traders.

What technical indicators are showing for BNB?
The Relative Strength Index (RSI) formed a bullish crossover and climbed to 44, while Spot Netflow rose to $3.2 million on the 22nd of June, indicating increased exchange deposits.