BNB Hits All-Time High of $801 Fueled by Institutional Accumulation and Robust Market Activity

BNB, the native token of the Binance ecosystem, surged to an unprecedented all-time high of $801, driven by significant institutional interest and favorable market dynamics.
This peak marks a 14% weekly gain and a 4% increase over the past 24 hours, pushing its market capitalization beyond $110 billion.
Daily trading volume for BNB jumped 42% to over $3.2 billion, while futures open interest climbed 19.16% to approximately $1.23 billion, indicating heightened trading activity.
The rally coincides with a major acquisition by Nano Labs Ltd, which purchased 120,000 BNB tokens worth $90 million, reflecting strong institutional confidence in the token’s long-term potential.
Technical analysis reveals that BNB is currently overbought, with a high relative strength index (RSI) reading of 87.54, hinting at possible short-term consolidation; however, it remains well-supported above its 20-day simple moving average (SMA) of $704.
Market analysts forecast further gains, projecting BNB could reach $1,100 if bullish trends continue, with key resistance levels expected around $850 and $900.