BNB and XRP Hit New Highs; Is PENGU the Next to Rally?
The post BNB and XRP Hit New Highs; Is PENGU the Next to Rally? appeared on BitcoinEthereumNews.com.
Major altcoins BNB and XRP have both broken out to new all-time highs, signaling market strength BNB’s rally is backed by treasury adoption, while XRP’s is fueled by new US regulatory clarity Traders are now watching PENGU, which is up 40% weekly and just 22% shy of its own ATH. Crypto exchange Binance’s BNB token and then XRP both touched new all-time highs, igniting speculation that other major altcoins could be next in line to rally. With the market leaders now in price discovery, traders are turning their attention to high-momentum tokens like Pudgy Penguins’ PENGU. BNB Smashes ATH on Treasury News Binance’s BNB soared to an all-time high of $804.17, although it has slightly pulled back to $796.19 at the time of writing. The rally marks a 300% recovery from its bear market low of $200 in October 2023. With a market cap of $111.5 billion, BNB now rivals major traditional companies like Nike in valuation. Notably, the bullish momentum follows Nano Labs’ move to create a BNB treasury, the first of its kind by a publicly traded company. The firm purchased 45,685 BNB OTC at an average price of $764, and has announced plans to potentially accumulate up to 10% of the total circulating supply using a $500 million convertible note deal. XRP Breaks 8-Year Ceiling At the same time, XRP has finally broken its multi-year resistance to hit a new high of $3.60, and now trades near to $3.50. This historic rally is largely driven by regulatory breakthroughs. The GENIUS Act, now signed into law by President Donald Trump, marks a significant change in the US regulatory stance on crypto. With institutional confidence rising and crypto-favorable policies on the horizon, XRP bulls are eyeing the $4 level next. PENGU the next in line to break out? While…
Filed under: News - @ July 23, 2025 8:26 am