š„ Binance Coin š„( $BNB )š„ is experiencing a strong surge, currently trading near $765 after briefly crossing $800 š. This rally is fueled by institutional interest, network upgrades, and regulatory progress šš.
š” Notably, Hong Kong-based chipmaker Nano Labs š„ļø announced plans to buy $1 billion in BNBātargeting up to 10% of its circulating supply šŖāwhich boosted both its own stock and BNBās price.
Binance also completed its 32nd token burn š„šø, cutting nearly $1 billion worth of BNB from circulation. Key ecosystem upgrades, like the Maxwell hard fork ā”ļø improving transaction speeds and the launch of tokenized stocks š on BNB Chain, are strengthening the platform.
šļø Furthermore, the creation of the BNB Treasury Company and Binance securing a crypto license in India š®š³ have bolstered investor confidence.
š Analysts suggest BNB could climb to $1,275 by year-end if the current momentum holds, though market volatility šŖļø remains a significant factor.
