Binance Coin Surpasses Nike's Market Cap on 31.47% Surge, 98% Volume Jump, Targets $900

Binance Coin (BNB) has surpassed Nike Inc. (NYSE: NKE) in market capitalization, reaching an all-time high of $861.20 per token on July 28, 2025. According to Companies Market Cap data, BNB’s valuation hit $119 billion, outpacing Nike’s $112 billion valuation during the same period [1]. This milestone follows a 31.47% price surge over the past 30 days, driven by sustained demand from retail and institutional investors. BNB’s 24-hour trading volume exceeded $3.85 billion, marking a 98% increase, as market analysts predict the token could reach $900 before the weekend [1].

The surge is linked to growing institutional adoption. Biotech firm Windtree Therapeutics secured $520 million in funding to build one of the largest corporate BNB reserves on July 25, while Web3 infrastructure provider Nano Labs Ltd. announced a $50 million BNB purchase, with plans to expand this to $1 billion through convertible notes and private investments [1]. Binance founder Changpeng Zhao (CZ), who controls 64% of BNB’s circulating supply, expressed gratitude toward developers and ecosystem supporters, highlighting their role in the token’s growth [1]. His net worth has since risen to an estimated $75 billion following BNB’s price breakout.

Technical analysis supports the $900 target. A 4-hour BNB/USDT chart shows a confirmed breakout above a two-year resistance level, validated by increased trading volume. The token has cleared the critical $837.75 resistance and is currently trading near $843.71. The next projected target, the “Next upside HVF,” is set at approximately $900.02 [1]. While the RSI indicator has retreated from overbought levels to 67.22, overall momentum remains robust. Analysts suggest BNB could temporarily revisit the $837–$840 range before advancing further, provided it maintains support above the breakout zone [1].

BNB Chain’s dominance in key blockchain metrics also bolsters confidence. DeFiLlama data shows the BNB Chain leads in 24-hour DEX volume ($5.06 billion) and application revenue generation ($3.96 million), outperforming Ethereum ($3.54 billion, $2.39 million) and Solana ($2.217 billion) [1]. This performance underscores the platform’s utility and growing adoption among developers and users.

Analyst BitBull forecasts BNB could surpass $1,000 by Q4 2025, with cycle peak targets of $1,800–$2,000, citing sustained demand from both retail and institutional buyers [1]. However, these projections remain speculative and should be distinguished from current price action. The token’s recent trajectory reflects a combination of on-chain activity, corporate investments, and CZ’s strategic influence, which together signal continued strength in the short to medium term.

Sources:

[1] [BNB Overtakes Nike in Market Cap and Could Reach $900 Before Weekend – Here’s Why](https://cryptonews.com/news/bnb-overtakes-nike-in-market-cap-and-could-reach-900-before-weekend-heres-why/)