BNB has just broken past $800, marking its highest price ever. Over the past week, BNB has gained over 14%, with daily trading volumes soaring to $3.2 billion and open interest in futures nearing $1.23 billion. But what's truly fueling this momentum?
The Institutional Accumulation Factor
Leading the narrative is institutional accumulation. Nano Labs recently revealed it holds 120,000 BNB (worth ~$90M), joining a growing list of major players viewing BNB as a strategic reserve. On-chain data confirms this trend, showing consistent accumulation rather than sell-offs.
Why This Matters: When institutions start buying, it often precedes retail FOMO. For investors, this signals confidence in BNB’s long-term role in the Binance ecosystem.
