TL;DR

BNB just hit a fresh record high of $809 before pulling back slightly to $782.02, still up 2.45% in the last 24 hours.
Its market cap stands at $108.92 billion, reclaiming its position as the fifth-largest crypto.
Strong institutional moves and deflationary tokenomics are fueling optimism that BNB’s price could multiply over the next few years, with forecasts hinting at levels near $2,775 by 2028.

BNB continues to defy broader market caution as it edges past its December 2024 peak. The token touched $809 a few hours ago and is now consolidating gains near $782. With a trading volume hovering above $3.6 billion and open interest in futures climbing 23% to $1.27 billion, traders appear confident that this rally may have more room to grow.

Institutional appetite remains a clear catalyst. Nasdaq-listed Nano Labs recently increased its BNB position by 45,685 tokens at an average price of $764, lifting total holdings to around 120,000 BNB. The company also revealed plans to allocate up to $500 million for convertible notes to expand its stake further, potentially controlling up to 10% of the circulating supply. Meanwhile, YZi Labs, connected to Binance co-founder Changpeng Zhao, is backing 10X Capital’s new BNB treasury venture, which targets a future public listing in the United States.

Deflationary Design Keeps Bulls Energized

BNB’s burn mechanism remains one of its strongest tailwinds. In the last quarterly burn, 2.1 million BNB worth $1.6 billion were permanently removed from circulation, tightening supply at a time of rising demand. On-chain activity is also thriving, with daily transactions surpassing five million and plans underway to roll out technical upgrades through 2025–2026, including gas limit enhancements and a new Rust-based client deployment.

The chain’s competitive transaction fees and growing DeFi ecosystem continue to attract developers and projects looking for scalability and cost efficiency. Use cases for BNB have expanded well beyond trading fees, with staking, launch participation, and cross-chain integrations driving steady demand.

Altcoin Season Signals Strength For Major Players

BNB’s rally comes as other major altcoins flash bullish signals. Ethereum has jumped 67% this month to trade near $3,800, while XRP sits at $3.65 and Solana has touched $200, up 24% in a week. Even Dogecoin and Cardano have notched impressive gains of 35% and 50% respectively over recent weeks, hinting at revived risk appetite across the board.

As investors broaden their diversification strategies, BNB’s unique blend of strong fundamentals, active burns, and deep liquidity continues to draw significant capital.

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Filed under: News - @ July 23, 2025 2:27 pm