Binance Coin (BNB) Hits $800 in New All-Time High
Main Idea
Binance Coin (BNB) reached a new all-time high of $800, driven by significant market gains and institutional investments, while other major cryptocurrencies also saw notable price movements.
Key Points
1. BNB's price surged to $800, marking a 16% weekly and 30% monthly gain, with its market cap reaching $111.5 billion.
2. Former Binance CEO Changpeng Zhao acknowledged the milestone, noting a 300% price increase from its October 2023 low of $200.
3. Nasdaq-listed Nano Labs acquired 120,000 BNB (~$90M) and announced plans to purchase more, aiming to hold up to 10% of BNB's total supply.
4. Other cryptocurrencies like Ethereum, XRP, Solana, Dogecoin, and Cardano also experienced significant price movements, with Ethereum hitting $3,800 and XRP reaching $3.65.
5. BNB's circulating supply is 139 million out of a total supply of 200 million.
Description
Binance Coin (BNB) prices topped $800, marking a new all-time high for the exchange-based asset in early trading on Wednesday in Asia. BNB has been on a tear lately, gaining more than 16% over the past week and almost 30% in the past month. The latest move has pushed its market capitalization to $111.5 billion, which is about the same size as sports apparel giant Nike. BNB hits a new ATH of 800$ pic.twitter.com/ejxZR9j8Rr — Binance (@binance) July 23, 2025 BNB Hits Milestone High “Appreciations ...
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