Ethereum News Today: BNB Hits $804 All-Time High on 14% Weekly Gain Driven by Deflationary Burns and Institutional Adoption

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 8:47 am ET1min read
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Aime RobotAime Summary

- BNB, Binance's token, hit $804, a 14% weekly gain, with $3.29B trading volume and 23% higher futures open interest.

- CZ celebrated on X, calling it a potential "FOMO season" and thanking ecosystem participants for the milestone.

- The surge stems from deflationary burns ($1.6B quarterly), 5M daily transactions, and institutional adoption like Nano Labs' $500M buy plan.

- Ethereum and other altcoins also rose, but BNB's growth is driven by fundamentals, not speculation, per CZ.

- Binance's community-focused approach and technical upgrades reinforce BNB's long-term appeal.

BNB, the native token of Binance, reached a record high of $804 following a 14% weekly increase, with trading volume surging to $3.29 billion and futures open interest rising 23% to $1.27 billion. Changpeng Zhao (CZ), Binance’s founder, marked the milestone on X, expressing gratitude to ecosystem participants, including BTC maxis, ETH holders, and utility builders, while highlighting the CoinMarketCap Altcoin Season Index at 54 out of 100—indicating a potential shift in capital toward altcoins [1]. CZ described the rally as a sign of an impending “FOMO season,” suggesting market euphoria could drive further gains [2].

The surge is attributed to robust fundamentals. The

BNB
Chain recorded 5 million daily transactions, supported by a 2025–2026 roadmap emphasizing technical upgrades, gas limit increases, and a new Rust client. Deflationary mechanisms, including a recent quarterly burn of 2.1 million BNB ($1.6 billion), have bolstered long-term valuation. Institutional adoption has also accelerated, exemplified by Nasdaq-listed
Nano Labs
acquiring 45,685 BNB via OTC trades at $764, with plans to purchase up to 10% of BNB’s circulating supply through a $500 million convertible note program [3].

CZ noted the breakout’s discretion, contrasting it with Bitcoin’s spotlight, as a Binance Square analyst described it as “the most discreet ATH of a major cryptocurrency” driven by fundamentals rather than speculation. BNB’s utility in fee payments, staking, and DeFi projects, alongside low fees and scalability, has attracted developers to the chain. The token consolidated gains above $800 in early July, outperforming

Bitcoin
as market sentiment shifted [4].

Broader market dynamics saw

Ethereum
climb 67% to $3,800,
XRP
exceed $3.65, and
Solana
trade above $200 with a 24% weekly gain.
Dogecoin
and
Cardano
also rose by 35% and 50% respectively, though both remain below historical highs. Analysts observe cross-asset correlations, with some predicting altcoin surges if Ethereum breaks its own record high [5]. However, the BNB rally is framed as market-driven rather than speculative, with CZ’s public engagement on X reinforcing Binance’s community-centric approach.

Sources:

[1] [BNB surges to $804 record price as CZ celebrates milestone on X](https://www.cryptopolitan.com/bnb-surges-to-ath-cz-celebrates/)

[2] [CZ Celebrates as BNB Price Hits $804 All-Time High](https://coinpedia.org/news/cz-celebrates-as-bnb-price-hits-804-all-time-high-build-and-build/)

[3] [BNB surges to $804 record price as CZ celebrates milestone on X](https://www.cryptopolitan.com/bnb-surges-to-ath-cz-celebrates/)

[4] [CZ Reacts to BNB Hitting New Record High](https://u.today/cz-reacts-to-bnb-hitting-new-record-high)

[5] [Top 10 Altcoins Will See 10x Surge Once Ethereum Breaks Its All-Time High](https://coinpedia.org/news/top-10-altcoins-will-see-10x-surge-once-ethereum-breaks-its-all-time-high/)