BNB Chain Sector Defies RAVE Collapse with 3.8% Market Cap Gain

The BNB Chain sector saw a 3.8% increase in its market cap this week, despite the collapse of RaveDAO's (RAVE) token, which plummeted by nearly 90% and lost $5.7 billion in market capitalization.

Binance Coin (BNB) itself added 4.2% to its value over the past week, reaching a price near $644, and is now on an uptrend over the one-month, three-month, and six-month timeframes.

The standout movers in the BNB Chain sector include MemeCore (M), which rose by 49.3%, possibly due to meme coin rotation, as well as Sky (SKY) and Pieverse (PIEVERSE), which saw significant gains of 15.5% and 148.2%, respectively.

The trend in the wider ecosystem is skewed towards AI and meme-based tokens, with Highstreet (HIGH), Solidus Ai Tech (AITECH), and ETHGas (GWEI) seeing substantial increases.