BNB Price Eyes $700 as $50M Institutional Bet Fuels Breakout Hopes

Key Points

1. Nano Labs invested $50 million in BNB at an average price of $672.45, increasing its total crypto reserves to $160 million.

2. BNB price has risen 10% from a low of $601 to $661.50 in the past two weeks.

3. A bullish pennant pattern formed on June 29, 2025, suggesting a potential breakout that could push the price to $704 or higher.

4. Nano Labs aims to acquire $1 billion worth of BNB, potentially holding 5% to 10% of its circulating supply.

5. The breakout could extend the rally by 5.4%, targeting $762 if the pattern holds.