BNB price has jumped nearly 14% in the last 30 days and recently touched a new all-time high of $881. While the price is now trading just 2% below that mark, what matters more is how it’s holding firm above key resistance.
In the past 24 hours alone, BNB gained another 3.4%, showing solid buyer interest. Two key on-chain signals suggest this rally may not be a one-off event. Both long-term and mid-term holders are backing this run.
HODLers Are Buying Into Strength — And They’re Not Alone
The chart below displays BNB’s HODL waves — a metric that measures the duration investors have held their tokens without selling them. It splits all BNB holders into age bands. The key here is the behavior of two specific groups: long-term holders (1–2 years) and mid-term conviction buyers (3–6 months).
On July 21, the 1–2 year band held just 6.56% of supply. That number has grown to 7.49% as of August 20. Similarly, the 3–6 month cohort rose from 1.5% to 7.3%. These are significant increases, especially when BNB’s price went up during the same time.
This kind of accumulation isn’t happening during a dip. It’s happening during a 14% BNB price rally, meaning these holders aren’t waiting for a pullback. They’re stepping in on strength.
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Now look at exchange balances. Between August 19 and 20, BNB’s price jumped from $824 to $869. Over the same period, exchange balances dropped from 31.91 million to 31.38 million BNB — a 530,000 token drop in one day.
That means traders weren’t sending coins in to sell. They were pulling coins out. Combined with rising HODL bands, this is clear: BNB holders expect higher prices.
BNB Price Action Confirms That $881 Was Only the First Barrier
BNB’s price rally hasn’t been random. It’s been following a clear uptrend, with pullbacks respecting Fibonacci retracement levels. The chart shows a trend-based Fib extension plotted from the recent impulse: $730 (start) to $864.95 (peak), retraced down to $812.
Based on that, the 0.5 level — $881 — acted as clear resistance and was tested almost perfectly. This test marked BNB’s all-time high. If this resistance breaks, the next Fib levels at $897 and $920 open up; both would be fresh all-time highs.
But there’s one risk. If the BNB price breaks below $812, the trend structure weakens. The level acted as the key retracement zone, and losing it would shift sentiment. But until then, the setup favors continuation.
Real-World Assets (RWA) are becoming one of the most closely watched narratives in crypto as the sector evolves under increased institutional and regulatory scrutiny. The collapse of MANTRA served as a wake-up call, exposing operational vulnerabilities and sparking demands for higher standards across tokenization platforms.
While skepticism grows around decentralized RWA projects, the broader investment case for asset-backed tokens remains intact—especially as stablecoins and tokenized treasuries lead adoption efforts. Against this backdrop, several RWA altcoins are standing out in May 2025, showing both technical momentum and renewed investor interest.
Stablecoins and Treasuries Lead RWA Adoption Wave
The collapse of Mantra has triggered a wave of reflection and caution across the Real World Asset (RWA) sector. As Andrei Grachev, Managing Partner of DWF Labs, puts it:
“The Mantra collapse is really a pivotal moment for the RWA sector. It has exposed some serious vulnerabilities in how these permissionless tokenisation platforms operate. I think we’re going to see investors getting much more cautious and selective about where they put their money now. Institutional players will probably start demanding much higher standards of due diligence, and regulators might step in with more scrutiny too.”
This event has clearly shaken confidence in the structure of some decentralized RWA models, pushing institutional and retail participants toward more regulated, vetted alternatives.
At the same time, the debate around RWA tokens’ potential to decouple from broader crypto market volatility is gaining momentum.
In response to Binance Research’s observation that RWA tokens have shown more stability than Bitcoin during tariff events, Edwin Mata, Co-founder & CEO of Brickken, said:
“True RWA tokens are backed by real-world value and governed by legal frameworks that enforce rights, obligations, and cash flows. In that sense, they behave more like traditional securities and can, over time, become more resilient to macro-level crypto volatility, especially during periods of market stress, regulatory shifts, or geopolitical shocks like tariffs.”
Shahaf bar Geffen, CEO and Founder of COTI, reinforced this emerging divergence by stating:
“We‘re already witnessing the early stages of that decoupling. RWA tokens are anchored to tangible assets—real estate, commodities, invoices—which inherently provide a stability layer absent in purely speculative cryptocurrencies. The potential for RWAs to hedge against macroeconomic volatility, such as tariffs or inflationary pressures, is significant.”
The macroeconomic case is strengthening, but the technological and institutional backing behind RWAs is also evolving quickly. Kadan Stadelmann, Chief Technology Officer at Komodo Platform, believes institutional adoption will be a decisive factor:
“The adoption by mainstream financial institutions will separate RWAs from the rest of the crypto index. No other crypto product will be as extensively adopted by mainstream finance as RWAs other than stablecoins, which I would argue are a type of RWA.”
Here are the top 3 RWA coins to watch in May.
Ondo (ONDO)
ONDO has climbed nearly 14% over the past 30 days, recently breaking above the $1 mark for the first time since March 6. This move has brought renewed attention to the token, as its market cap approaches the $3 billion threshold again.
However, this upward price action comes amid a broader contraction in the space. According to data from rwa.xyz, total RWA on-chain value currently sits at $16.6 billion, representing a 16.92% decline over the past 30 days.
Despite ONDO’s short-term strength, its technical indicators are flashing caution. A death cross has recently formed on its EMA lines—a pattern often associated with bearish momentum.
The first key support is $0.866. If that level breaks, ONDO could decline to $0.819, with deeper support at $0.73 and $0.663 if the downtrend accelerates.
On the upside, if sentiment reverses and ONDO manages to break above the $1.04 resistance, a push toward $1.20 could follow, opening the door for a stronger recovery.
Reserve Rights (RSR)
Reserve Rights is up nearly 41% over the past 30 days, riding a wave of renewed interest following its Coinbase listing and lingering associations with incoming SEC Chair Paul Atkins.
Despite Atkins having no active ties to the project today, his early advisory role has fueled trader speculation about potential regulatory tailwinds.
This narrative, combined with Binance’s top traders heavily going long, has positioned RSR as one of the more politically charged tokens in the current market.
The listing alone sparked a 9% intraday jump, helping bring RSR back into the spotlight after a long quiet phase post-2021 peak.
Technically, RSR is approaching a critical decision point. The token recently attempted to break the $0.0096 resistance level twice and failed, signaling the importance of that threshold.
A successful breakout could open the door to $0.011, and potentially $0.0137 if momentum builds. However, failure to hold current levels could trigger a correction toward $0.0084, with deeper support at $0.0071 and $0.0057.
TokenFi (TOKEN)
Real-world asset (RWA) platform TokenFi (TOKEN) has surged nearly 40% over the past seven days, pushing its market cap back to the $20 million mark.
The sharp rise comes despite a notable drop in trading activity, with 24-hour volume falling over 59% to $8.13 million.
The divergence between price appreciation and declining volume raises questions about the rally’s sustainability, but for now, TOKEN is regaining attention as a small-cap RWA narrative play in the altcoin market.
From a technical standpoint, TOKEN is approaching key resistance levels. If the bullish momentum continues, the token could test $0.024 and $0.0275, with a potential breakout target of $0.041.
However, any reversal could see TOKEN retrace toward the $0.0194 support level. If that fails, deeper downside levels lie at $0.0137 and $0.0112.
Crypto inflows hit $785 million last week, pushing year-to-date (YTD) totals to $7.5 billion. This marks a full recovery from the outflows seen between February and March.
Ethereum stood out amid the positive flows into digital asset investment products. The Pectra upgrade and the network’s leadership changes drove the changing sentiment.
Pectra Upgrade Influenced Last Week’s Crypto Inflows
The latest CoinShares report indicates crypto inflows totaling $785 million recorded for the week ending May 17. While it represents a slight drop from the previous week’s $882 million, it marks the fifth week of consecutive positive flows.
These positive crypto inflows come as markets continue to shrug off Trump tariffs. Accordingly, the US topped the positive flows. It beat Germany and Hong Kong with $681 million inflows against $86.3 million and $24.2 million, respectively.
More closely, Bitcoin (BTC) recorded a slight drop relative to last week. CoinShares’ researcher, James Butterfill, ascribes the retraction to US economic indicators.
“Bitcoin attracted $557 million in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totaling $5.8 million, reflecting investor positioning amid recent price gains,” read an excerpt in the report.
Nevertheless, Ethereum saw the highlight of last week’s crypto inflows. According to the CoinShares report, crypto inflows into Ethereum reached $205 million. This was a notable climb from the previous report’s $1.5 million.
Butterfill attributes the optimism to Ethereum’s Pectra Upgrade and the subsequent ascension of Tomasz Stańczak as the new co-executive Director.
“Ethereum was the standout performer, with US$205m in inflows last week and $575 million YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak,” Butterfill wrote.
As it happened, Pectra Upgrade hit mainnet on May 7, marking the network’s biggest change since the 2022 Merge upgrade. On the one hand, EIP‑7251 lifts the validator cap to 2,048 ETH. Meanwhile, EIP‑7702 brings smart‑wallet functionality and a major step toward account abstraction.
In the same way, Tomasz Stanczak, recently appointed as co-Executive Director of the Ethereum Foundation (EF), has a deep history in Ethereum’s core development. His focus on statelessness to enhance Ethereum’s scalability and decentralization aims to reduce node storage needs.
However, strong statelessness was deprioritized due to complexity and focus on rollups, though Stanczak’s leadership may shift this focus.
“The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors. This new leadership structure marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” the EF said in March.
As Ethereum and other altcoins recorded positive flows, Solana bucked the trend. It posted up to $0.89 million in crypto outflows. This aligns with a recent trend of declining TVL (total value locked), plunging 64%.
As the broader digital assets market pulls back, Bitcoin (BTC) is slumping toward the $115,000 psychological level. With altcoins taking their cues from BTC, crypto airdrops may just be the best way to diversify investment.
Crypto airdrops offer investors a low-bar entry into promising projects and ecosystems, requiring little to no initial capital investment. Traders looking to farm airdrops can consider the following projects.
Wormhole
Among the crypto airdrops to watch this week is Wormhole (W), which was available starting August 14. On this day, Wormhole announced a portal earn program, offering airdrop farmers an entry into its multichain ecosystem.
Through its Portal Earn initiative, the program will reward participants with experience points (XP), when they explore the project.
“Portal Earn is a new way to experience the multichain world. A loyalty program designed to reward your every move across crypto. Earn XP by exploring new chains and transferring your favorite assets, unlocking powerful boosts and a higher Portal Status as you climb the leaderboard,” Wormhole shared in a post.
The project enjoys strong financial backing, with up to $225 million in funds raised and a valuation of $2.5 billion.
Participants in the fundraiser include renowned investors like Coinbase Ventures, Multicoin Capital, Jump Trading, and Arrington Capital.
Sentient
Another crypto airdrop project worth investing in is Sentient, a blockchain service that has raised $85 million from investors such as Pantera Capital, HashKey Capital, Delphi Ventures, and Hack VC.
Sentient announced quests on Galxe in a recent Discord post, revealing a new gamified way to earn y completing tasks on social media and participating in AMA sessions.
In return, airdrop farmers receive on-chai loyalty points, which will factor in when considering advancements for all AGI roles.
“We also plan to use these loyalty points to offer rewards for our long-term contributors,” read an excerpt in the post shared on Discord.
Morph
Morph should also probably be on airdrop farmers’ watchlists, after the chain announced a hub for interacting with the ecosystem. Airdrop farmers can complete simple tasks and earn points to qualify for rewards.
“Introducing the Morph Hub! A new way to explore, earn, and rise through the Morph ecosystem. Complete quests. Refer friends. Climb the Hub leaderboard. Earn token rewards,” Morph shared on X.
Airdrop farmers earn points by completing on-chain and social quests to earn experience points. Additionally, referring friends to Morph also attracts referral points.
The project has raised $25 million from investors such as DragonFly Capital, Pantera Capital, and the Spartan Group. The MEXC exchange also reportedly participated in the second-tier fundraiser.
Doodles
Crypto airdrop farmers may also consider Doodles, which launched on August 13, barely a week ago. Players could be eligible for potential rewards.
“The portal is now open. Follow Kyle as he escapes from Data-Bo-Data and journeys beyond the threshold of sanity. Catch bugs along the way (Kyle’s favorite snack) to earn points and unlock rare items,” wrote Doodles in a post.
Participants who complete tasks earn in-game currency, which can be used to open chests and skins.
Meanwhile, Doodles has already raised $54.5 million from several investors, including venture capital firm Seven Seven Six, 10T Fund, and Acrew Capital for the tier-3 round.
