Ethereum News Today: Institutional Hoarders Propel BNB to $880, Redefining Power in Crypto Markets

BNB, the native token of the BNB Chain, reached a record high above $880 on August 20, 2025, marking a significant milestone in its price trajectory. According to CoinGecko data, the surge pushed BNB’s market capitalization to approximately $121.7 billion, securing its position as the fifth-largest cryptocurrency by market value. The price rally was driven by sustained institutional interest and continued growth in decentralized finance (DeFi) inflows. Notably, BNB Network Company (Nasdaq: BNC) executed a $283 million purchase of 325,000 BNB on August 18, further tightening the token’s exchange supply to 22.6%, down from 28.5% in July [3]. This accumulation by institutional entities has positioned BNC as the largest corporate treasury holder of BNB [3].

Technical indicators also support the bullish momentum. The token’s price broke through a key resistance level at $869 on August 19, with the Moving Average Convergence Divergence (MACD) showing a widening positive trend. While the Relative Strength Index (RSI) near 57 suggests moderately overbought conditions, analysts have flagged potential short-term correction risks as the price approaches the 127.2% Fibonacci extension of $905.75 [3]. On the volume front, the 24-hour trading volume for BNB hit $2.34 billion, with a 3.3% price increase over the previous day, reflecting strong institutional and retail participation [1]. The sustained volume suggests that the token is not entering a distribution phase but rather expanding into new growth territory.

The expansion of the BNB ecosystem has also contributed to the token’s upward movement. Daily transactions on BNB Chain reached 13.95 million on August 19, representing a 14% increase from the prior week. Total Value Locked (TVL) on the chain rose to $12.1 billion, a 20% increase since July. Additionally, the ongoing BNBHack hackathon has drawn over 180 submissions, showcasing continued innovation in areas such as artificial intelligence and Decentralized Physical Infrastructure Networks (DePIN) [3]. BNB’s role has evolved significantly since its 2017 launch as a utility token for the Binance exchange, with the token now powering DeFi protocols, NFTs, and payment solutions on the BNB Chain [3].

Looking ahead, BNB is on a path toward potential price targets of $900 to $1,000, with analysts pointing to continued institutional buying and DeFi inflows as key drivers. The token’s supply dynamics, including quarterly token burns, continue to support its long-term value proposition. However, traders are advised to monitor volume trends and technical indicators to identify any signs of weakening momentum as the asset approaches higher resistance levels [1]. Sustained support above key levels such as $800 will be crucial in maintaining the upward trajectory [1].

The broader market context also supports BNB’s strength. Ethereum is showing signs of potential breakout activity, with traders placing bullish bets on price targets above $5,500. Meanwhile, an Ethereum-based payment token, Remittix (RTX), has emerged as a high-growth contender, with analysts forecasting up to 65× returns based on its utility-driven model and execution of real-world payment infrastructure [2]. As BNB and other major tokens rise, the market is demonstrating a shift toward utility-focused projects that align with real-world adoption and infrastructure development.

Source:

[1] BNB Reaches New ATH: Bullish Momentum Points to $900 Target (https://bravenewcoin.com/insights/bnb-reaches-new-ath-bullish-momentum-points-to-900-target)

[2] BNB Price Breaks a Fresh ATH, Could Ethereum Be Next? (https://crypto-economy.com/bnb-price-breaks-a-fresh-ath-could-ethereum-be-next-analysts-point-to-a-new-eth-based-token-with-65x-potential/)

[3] BNB Hits Record $880 High Amid Institutional Buying (https://web.ourcryptotalk.com/news/bnb-new-all-time-high)