BNB holds near $655 as ETF filings are revised; charts dated May 16, 2026

BNB is trading near $655 with a market cap of $88.39 billion and a 0.9% rise over the past seven days. As of May 16, 2026, weekly charts show consolidation after a mid-May push toward $690, while Grayscale and VanEck have continued updating spot BNB ETF filings. The report also cites quarterly burns topping 1.5 million BNB in the latest cycle as part of the on-chain backdrop.