The native token of the BNB Chain, BNB (CRYPTO:BNB), surged to an all-time high of $723 but corrected down to $705, marking a 19% gain in June despite market trends.

Concerns arise about the sustainability of the rally, especially with Binance founder CZ in prison, limiting potential interference. BNB's $108 billion market cap exceeds competitors like Solana (CRYPTO:SOL), raising questions about valuation justification and ecosystem differences.

Despite strong BNB Chain activity and futures open interest exceeding $1 billion, there's no evidence of excessive leverage driving the rally.

DApps activity favors BNB, but stable active addresses raise doubts about user growth.

With uncertainties surrounding Binance's leadership and CZ's custody, further price gains for BNB remain uncertain.