BNB Surpasses $800 All-Time High as Institutional Buys and OTC Deals Fuel 14% Weekly Rally

BNB, the native token of the BNB Chain, surged past $800 for the first time on July 23, marking a historic all-time high. The price rally followed a 4% gain in 24 hours and a 14% increase over the prior week. At the time of reporting, BNB ranked as the fifth-largest cryptocurrency by market capitalization, exceeding $110 billion. The surge has been fueled by a sharp rise in institutional interest, with speculative activity and large-scale over-the-counter (OTC) transactions amplifying buying momentum.

Key institutional players have intensified their accumulation efforts. Nano Labs Ltd, a publicly traded Web3 infrastructure firm, disclosed a $34.8 million addition of 45,684.9862 BNB tokens at an average price of $764, bringing its total holdings to 120,000 tokens valued at $90 million. The firm emphasized its strategic intent to expand its BNB reserves further through OTC markets and investments in entities focused on BNB holdings. Nano Labs initially outlined a multi-year plan to acquire up to $1 billion in BNB, aiming to secure a 5% to 10% stake in its circulating supply. The average purchase price of $707 per token underscores the long-term commitment to leveraging BNB’s utility within the Binance ecosystem, including DeFi and blockchain infrastructure.

The institutional buildup extends beyond Nano Labs. Another Nasdaq-listed entity, Windtree Therapeutics, revealed a $60 million initial purchase under a $200 million BNB acquisition plan. Meanwhile, a crypto venture capital partnership between YZi Labs and 10X Capital launched a BNB-focused treasury initiative, further validating the token’s appeal to institutional investors. These moves align with broader market optimism about BNB’s role as a stable reserve asset amid macroeconomic uncertainty, a perspective endorsed by Binance co-founder Changpeng Zhao.

Technical indicators highlight the strength of the rally. BNB’s price has surged above the upper Bollinger Band on the daily chart, with the relative strength index (RSI) reaching 87.54—well above the overbought threshold of 70. The token remains firmly above the 20-day simple moving average ($704), supported by a 42% surge in daily trading volume to over $3.2 billion. Futures open interest and derivatives volume also rose sharply, reflecting heightened speculative activity. Analysts at CoinCodex have forecast a potential target of $1,100 by November 2025, contingent on sustained institutional demand and favorable market conditions.

BNB’s ascent is underpinned by structural factors, including its expanding utility in governance, staking, and transaction fee discounts on the Binance Smart Chain. Annual token buybacks and ecosystem fund reallocations have contributed to perceived scarcity, while large-scale institutional purchases reduce immediate market supply. However, market participants caution that overheating metrics and regulatory risks could introduce volatility. Short-term resistance levels are seen at $850 and $900, with potential support near $740 or the 20-day SMA of $705 should a pullback occur.

The coordinated accumulation by multiple institutions signals a strategic, long-term approach rather than speculative hype. As Nano Labs and others continue their buying campaigns, the focus remains on BNB’s utility within the Binance ecosystem and broader blockchain industry. While current price levels represent a technical milestone, the token’s enduring value will ultimately depend on its adoption and integration into enterprise use cases. For now, the $800 threshold stands as a testament to institutional confidence in BNB’s evolving role in the digital asset landscape.