#BNBBreaksATH
BNB Hits New All-time High as Institutional Demand Surges.
The sharp move upward followed Nano Labs Ltd’s disclosure of a massive over-the-counter (OTC) purchase of 120,000 BNB, valued at $90 million. This buy was executed at an average price of $707 and signals growing strategic confidence in the Binance ecosystem.
The timing of the deal is notable—it comes just weeks after Binance completed over $1 billion in monthly token burns, shrinking BNB’s supply base and amplifying scarcity. Such large OTC deals typically absorb market liquidity without slippage, setting the stage for explosive moves once supply tightens and demand intensifies.
BNB’s price action also triggered a significant technical breakout, pushing beyond the $650 resistance zone and setting up a strong bullish structure