BNB Token Surges 2.73% as $100M Institutional Treasury Move Signals New Era for Adoption

BNBUSDT saw a 2.73% price increase over the last 24 hours, rising from a 24h open of $610.61 to a current price of $627.30. This upward movement is primarily attributed to significant institutional developments, notably the announcement that former Coral Capital Holdings executives plan to raise $100 million to accumulate BNB as a treasury asset for a Nasdaq-listed company, marking the first time a public company will adopt BNB as a reserve currency. The confirmation of this initiative by Binance founder CZ and the introduction of new transparency features on the Binance platform have further boosted investor confidence and contributed to positive sentiment. Over the past day, BNB’s trading volume reached approximately $1.76 billion, with the price ranging between $615.92 and $626.57, and the current market capitalization standing at around $83 billion, reflecting robust trading activity and relative price stability in the current range.