Binance News: Binance’s SOL Accumulation Pattern Indicates Potential Price Rebound

Recent developments in the cryptocurrency market have caught the attention of investors, particularly regarding Binance’s trading activities with Solana (SOL). Here’s a closer look at the key details and what they might mean for SOL’s price trajectory.

Binance Accumulating Solana, Will Price Bounce?

Binance’s SOL balance showed an accumulation pattern between August 2024 and March 2025. The balance was highest in August 2024 and progressively dropped until early January 2025, which fits the narrative of Binance offloading SOL to create a price valley. Starting from January 2025, the balance strongly turned positive, rising sharply by March 2025. This was a bullish accumulation signal, indicating that Binance was accumulating SOL again. Such accumulation could potentially drive SOL to new highs if the trend continues.

Mubarak ($MUBARAK) Meme Coin Gains Momentum on Binance Chain Amid Crypto Recovery

Amid the ongoing mild crypto recovery led by Bitcoin (BTC), the BNB ecosystem has recorded significant growth in on-chain transactions catalyzed by memecoin trading led by the recently launched Mubarak (MUBARAK). The notable support of the MUBARAK memecoin by the BNB community – led by Biannce co-founder Changpeng Zhao (CZ) – has helped maintain bullish sentiment. Mubarak launched on March 13 following an X post by CZ. Launched on the Four Meme launchpad, Mubarak has also been incorporated as part of the Binance Alpha. As a result of the rising community support, the memecoin received $50k liquidity support from the BNB Chain Pool Support.