Binance Coin (BNB) is on a tear, breaking past $832 — its highest level since 2021 — and sitting just under 3% away from its all-time high of $859.59. This surge is powered by both strong fundamentals and growing institutional demand, making BNB the 5th most valuable crypto by market cap.
According to Nansen data, BNB saw a 37% increase in active addresses over the past month, outpacing Solana in growth rate. The recent Maxwell upgrade, launched on June 30, enhanced validator performance and network speed, fueling broader adoption and user engagement.
Institutional interest is heating up. Windtree Therapeutics reportedly added $520 million worth of BNB to its treasury, while Nasdaq-listed Nano Labs secured approximately 128,000 tokens—worth $108 million—into its reserves.
Technical indicators also favor the bulls. RSI is currently at 70.34, signaling overbought territory, while the MACD line continues an upward crossover, reinforcing momentum.
With whale activity intensifying and confidence booming, BNB is eyeing $900 as its next major level—with $1,000 as a key psychological target. However, any reversal could bring a pullback to the $750 zone, so traders should stay alert for volatility.
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