- BNB, BGB, and OKB led exchange tokens with solid gains and rising trading volume.
- MNT and GT underperformed due to inflation risk and weak bullish momentum.
- Liquidity, supply metrics, and sentiment drove divergence in exchange token returns.
A sharp divergence has emerged in the exchange token sector over the past two months, highlighting a market that is increasingly rewarding utility and sound tokenomics while punishing perceived risks. An analysis of five prominent exchange tokens shows that while Binance Coin (BNB), Bitget Token (BGB), and OKX’s OKB posted respectable gains, Bybit’s Mantle (MNT) and GateToken (GT) trailed with significant losses.
According to CryptoRank data, an investor holding $10,000 in any of five prominent exchange tokens BNB, BGB, OKB, MNT, and GT would have seen significantly different returns depending on their pick.
The Winners’ Circle: BNB, BGB, and OKB Lead the Pack
BNB led the group with a 10% increase, boosted by consistent buying pressure and clear bullish structure on daily charts. The token hovered around $661.21 recently, testing the $668 resistance.
Volume surged 20%, pointing to growing interest among traders. With its full circulating supply in play and no inflation risk, BNB remains a solid asset in the exchange token space.
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Close behind, BGB rose 7%, not only showing price appreciation but also offering top-tier farming rewards. It hit $4.80 amid rising momentum and whale accumulation signals. Volume jumped nearly 29%, suggesting that the token is gaining traction.
Support held strong at $4.6764, while resistance at $4.84 showed traders locking in profits. BGB’s relatively low liquidity means it remains sensitive to large trades, but that hasn’t stopped its steady climb.
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OKB followed with a 6% gain, displaying mild bullishness but less conviction than its peers. Priced at $52.85, the token hovered near resistance at $53.20.
Though its volume growth was modest, the limited circulating supply (60M vs. 300M total) hints at controlled inflation a possible edge for long-term holders.
The Laggards: MNT and GT Weighed Down by Supply Concerns
Not all exchange tokens enjoyed a bullish run. Mantle (MNT) dropped 12%, despite a short-term rally to $0.6707. Strong volume indicated active trading, but looming supply dilution cast a shadow. While liquidity was high, the risk of token unlocks remains.
GateToken (GT) fell 13%, the worst among the five. Its price hit $18.28, pulling back after failing to break $18.65.
Despite a 60% volume spike, its chart showed more consolidation than momentum. With less than half of its total supply in circulation, inflation risk could be holding it back.
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