BNB Surpasses $850 on $500M Fundraising and Rising On-Chain Activity

BNB's price surged past $850 for the second time in recent months, marking a 6.55% increase over the past 24 hours according to CoinGecko data [1]. This rally has pushed the token’s market capitalization above $118 billion, surpassing the valuation of major global brands including Starbucks, Nike, and Robinhood. The momentum reflects a broader appetite for exchange-backed tokens and renewed confidence in BNB's long-term fundamentals.

A key catalyst behind the recent price movement is a $500 million fundraising round led by BNC Network, formerly known as CEA Industries. The firm, now chaired by former Galaxy Digital CEO David Namdar, has become the largest publicly traded entity holding BNB tokens, with 200,000 tokens in its reserves [1]. This acquisition, reported by Sky Wee, highlights institutional interest and positions BNC as a bridge between traditional finance and the blockchain ecosystem.

The token’s rally coincides with a significant rise in on-chain activity. Decentralized exchange (DEX) volume on the BNB Chain increased by 66% in the past week, reaching $31 billion. This uptick in usage demonstrates the growing utility of the blockchain and its ability to attract liquidity. Additionally, BNB’s technical indicators remain bullish, with its price rising above key moving averages and establishing support at $828.23. A breakout above the $855.70 resistance level is seen as a potential catalyst for further gains.

Analysts have noted that reclaiming the $850 level is a critical psychological milestone, with near-term price targets set between $900 and $1,000. While HashGlobal has speculated on a potential $2,000 target, this remains a bold forecast and not an immediate expectation [1]. X user Simeon G has also highlighted that the upcoming meme season on the BNB Chain could further drive transaction activity and reinforce the token’s rally.

The token's circulating supply currently stands at 139,287,849, with a maximum supply of 200,000,000. Ongoing buy-and-burn mechanisms, which reduce the supply through community and real-time burns, continue to support its price action. BNB's performance against the Norwegian Krone (NOK) has also been notable, with a 6.1% gain in the last 24 hours and a 22.20% appreciation over the past month. This outperforms the broader cryptocurrency market, which has risen by 9.60% during the same period [1].

Despite the positive momentum, investors are advised to remain cautious. The crypto market remains highly volatile, and while BNB has shown resilience, external macroeconomic factors and market sentiment could influence its trajectory. The growing institutional adoption and on-chain activity, however, suggest a strong foundation for continued growth, provided the bullish trend holds and key support levels remain intact.

Sources:

[1] Blockonomi. (2025, August 10). BNB Price Pushes Past $850 Again: Here’s What’s Driving the Rally. https://blockonomi.com/bnb-price-pushes-past-850-again-heres-whats-driving-the-rally/

[2] Coindoo. (2025, August 11). Best Altcoins to Buy This Week as Ethereum Climbs above $4300 and Analysts Predict Altseason. https://coindoo.com/best-altcoins-to-buy-this-week-as-ethereum-climbs-above-4300-and-analysts-predict-altseason/

[3] Facebook. (n.d.). Manuel - BNC spends $160M on 200K BNB, becoming world's biggest corporate BNB holder. https://www.facebook.com/photo.php?fbid=742978315282046&set=a.130****63246274&type=3