Binance Coin $BNB hits new highs - price discovery underway
BNB has broken its long-awaited all-time high and is steadily climbing higher, fueled by strong institutional demand and solid fundamentals, despite a recent healthy pullback.
š” Driven by major institutional buys - including Windtree Therapeutics' $520 million acquisition for treasury reserves, Binance Coin surged above $855 yesterday. Though the price recently dipped to around $828, this correction looks like a natural pause after rapid gains. Trading volumes and on-chain activity remain elevated, supporting the bullish momentum.
Technically, BNB has broken key resistance levels and trades within an ascending channel, at the same time showing strength in the BNB/BTC pair, highlighting its appeal amid this bull market.
š¤ Experts note this rally is backed by real demand and strong rŃsk-adjusted returns - BNB's Sharpe ratio sits at a notable 2.5. The absence of rising futures open interest points to sustained spot market accumulation.
šŖ Since early 2025, another exchange native token, WBT, has led the way with multŃple all-time highs. Now BNB is catching up, driven by a combination of institutional interest, rising TVL, regular token burns and Binance's market dominance. It will be interesting to see if other exchange native tokens follow suit in the near future...
