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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 #CryptoClarityAct
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