BNB, the native token that the Binance ecosystem feeds, has reached a new milestone in the midst of renewed market interests and institutional activities.
On July 28, the digital actively briefly reached a record price of $ 854 before he was relaxed at the time of writing to around $ 847.5.
This last wave is a daily increase of 7% and caps per month of almost 32%, so that the market capitalization of BNB above $ 115 billion is propelled. The Binance-linked Token’s market capitalization has now reversed that of Nike, the world’s largest shoe company.
The strong momentum seems to adapt to bullish predictions of analysts, including Standard Chartered, who previously projected that BNB could rise above $ 1000 this year, driven by the growing utility for the trade, commitment and launch platforms from Binance.
Moreover, the growth of token in derivatives activity contributes to the bullish sentiment of the token in the market.
According to data from Coinglass, the open interest of BNB, the total value of active futures contracts, has reached a record high of $ 1.7 billion.
This exceeds its previous December 2024 peak, which indicates an increased involvement of the trader and the growing trust in the long-term token in the long term.
More than $ 1 billion planned for BNB’s institutional acquisitions
In the meantime, the BNB meeting is attracting more than just retail enthusiasm, because various institutional investors are increasingly positioning themselves for long-term exposure.
On July 28, CEA Industries Inc. (Nasdaq: Vape) plan To launch the world’s largest publicly mentioned BNB Treasury strategy.
CEA wants the first regulated, US -listed treasury company aimed at BNB. It is supported by 10x Capital and Yzi Labs.
The company has a private placement of $ 500 million, including $ 100 million in crypto allocations. If warrants are exercised, the total deal can reach $ 1.25 billion.
According to the press statement, more than 140 institutions have already participated in the deal, including Pantera Capital, GSR, DAO5 and Arrington Capital.
Russell Read, the CIO of CEA, said:
“By creating a treasury vehicle, we allow institutions to participate in that growthest in a way that meets their need for transparency and long-term value, instead of short-term trade options.”
Adding to the Gulf of Institutional Interest is Liminatus Pharma, a biotech company located in the US.
The company has unveiled plan To launch a special investment arm, “American BNB strategy”, which will use up to $ 500 million in BNB over time.
According to the company, the initiative originated from an internal assessment of blockchain-integrated financial models and reflects the confidence in the infrastructure, security and growing process of BNB.
Chris Kim, CEO of Liminatus, said:
“This is not a speculative initiative in the short term, but rather a value-driven strategy based on the long-term growth potential and the strength of the BNB ecosystem.”