Bitcoin News Today: BNB Hits Record $857 High on 7.7% 24H Surge, 45% YTD Gains from Institutional Adoption, Token Burns

BNB, the native token of Binance, reached a record high of $857 on July 28, 2025, driven by a confluence of factors including institutional adoption, ecosystem growth, and strategic token burns. The token surged over 7.7% in 24 hours, marking a 45% increase year-to-date. This rally followed a 90% spike in daily trading volume to $21 billion, signaling robust market participation. Binance Smart Chain (BSC) further underscored the ecosystem’s strength, with total value locked (TVL) rising to $7.2 billion—its highest level since early 2022. Institutional investors, including firms like Nano Labs and Windtree Therapeutics, have allocated BNB to treasury reserves, amplifying demand and liquidity. Binance’s quarterly token burn program also played a critical role, removing 1.9 million BNB worth over $1.5 billion in circulation, creating deflationary pressure that supports price appreciation [1].

The market cap of BNB now exceeds $119 billion, securing its position as the fifth-largest cryptocurrency by market capitalization. This growth is attributed to both speculative buying and strategic positioning by institutional players. Analysts highlight BNB’s relatively small market cap compared to Ethereum—currently at 24%—as a key indicator of potential for further gains. Cryptoquant’s Joao Wedson noted that BNB’s historical price patterns suggest alignment with Bitcoin’s market cycles, implying broader crypto bullishness if BNB continues to break through resistance levels [2]. While Wedson forecasts a possible $1,000 target for BNB, such projections remain speculative and hinge on sustained institutional inflows and ecosystem adoption [3].

Ecosystem metrics reinforce the narrative of long-term value creation. Binance’s user base has grown to 282.5 million accounts, with increased activity on BSC driving utility for BNB. The token’s deflationary mechanism, coupled with Binance’s custodial and infrastructure innovations, has positioned it as a core asset for institutional portfolios. However, the rally has also triggered volatility, with $180 million in crypto liquidations reported during the sharp price movement, reflecting market caution amid speculative fervor [4].

The surge reflects a broader shift in market sentiment toward BNB as a strategic holding rather than a speculative asset. Institutional interest, particularly in treasury allocations, has stabilized demand while token burns ensure scarcity. Analysts caution that sustainability will depend on Binance’s ability to retain users and expand its ecosystem globally. For now, the record high underscores confidence in Binance’s infrastructure and the token’s role as a bridge between decentralized finance and institutional capital [5].

Source:

[1] [Binance Coin (BNB) Price: Reaches New All-Time High as Institutional Adoption Grows](https://coincentral.com/binance-coin-bnb-price-reaches-new-all-time-high-as-institutional-adoption-grows/)

[2] [Bitcoin News Today: BNB Hits $855.84 All-Time High](https://www.ainvest.com/news/bitcoin-news-today-bnb-hits-855-84-time-high-surges-7-4-610m-institutional-inflows-2507/)

[3] [BNB Price Breaks To New ATH At $855, Is $1,000 Coming?](https://blockzeit.com/bnb-price-breaks-to-new-ath-at-855-is-1000-coming/)

[4] [BNB Surges to $858 ATH on 13% Weekly Gain, Institutional Demand, Token Burns](https://www.ainvest.com/news/bnb-surges-858-ath-13-weekly-gain-institutional-demand-token-burns-2507/)

[5] [BNB Hits New ATH of $855 — Is $1,000 Next?](https://m.economictimes.com/crypto-news-today-live-28-jul-2025/liveblog/122939448.cms)