$BNB Hits $788 as Institutional Capital and Massive Upgrades Reshape BNB Chain’s Future
Main Idea
BNB's price surged to $788 due to institutional investments and planned infrastructure upgrades, with significant treasury allocations and network enhancements driving its growth.
Key Points
1. BNB's price reached $788.83, supported by a $200M treasury allocation from Windtree Therapeutics and a $90M investment from Nano Labs.
2. BNB Chain plans major upgrades, including a 10x increase in block gas limit and a target of 20,000 TPS by 2026, enhancing its scalability and efficiency.
3. Windtree Therapeutics and Nano Labs, both Nasdaq-listed, have allocated significant funds to BNB, marking major institutional adoption.
4. BNB derivatives activity surged, with trading volume up 83.67% and open interest rising 23.91%, indicating strong market interest.
5. Despite bullish momentum, BNB faced resistance near $800, with indicators like RSI and MACD showing signs of weakening bullish pressure.
Description
BNB ($BNB) just punched through $788 as Wall Street money floods in, with $290M in fresh institutional buys this week alone. The rally comes as BNB Chain prepares to increase its transaction speed by 10X, targeting 20,000 TPS by 2026. Multiple publicly traded companies have recently allocated large sums to treasury strategies involving this asset, indicating growing confidence in its long-term utility beyond basic exchange functions. Source: CoinMarketCap $BNB Rockets on Kraken-Supported $200M T...
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