BNB Surges Nearly 5% — Breaks $800 to Set New All-Time High
TradingKey – On Wednesday, July 23, Binance Coin (BNB), the native token of the world’s largest crypto exchange, extended its winning streak to nine consecutive days, breaking past the $800 mark for the first time in history.
Over the past 24 hours, BNB jumped 4.69%, hitting a high of $804 and currently trading around $801.
BNB Price Chart – Source: TradingView
BNB has gained over 29% in the past month, outperforming Bitcoin (BTC), which rose 18% during the same period. As of press time, BNB’s market capitalization has surpassed $111.2 billion, ranking #4 globally, behind only BTC, ETH, and XRP.
BNB vs. BTC Monthly Gains – Source: CoinMarketCap
BNB’s rally is also being fueled by growing institutional interest:
- Nano Labs (NASDAQ: NA) holds 120,000 BNB, with an average cost basis of $707 per token
- Windtree Therapeutics (NASDAQ: WINT) announced a $60 million capital raise to build a dedicated BNB treasury
- According to Binance founder Changpeng Zhao (CZ), over 30 teams are currently preparing to launch BNB treasury reserves
This wave of treasury adoption mirrors earlier trends seen with Bitcoin and Ethereum, positioning BNB as a rising contender in corporate crypto strategy.
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