BNB Surges 2.79% as $1.2B Fund and Major Treasury Buy Signal Rising Institutional Confidence

BNBUSDT experienced a 2.79% price increase over the past 24 hours, rising from 753.50 to 774.56 USDT, with the movement largely attributed to positive sentiment following Binance's launch of a web wallet and the expansion of Bitcoin options writing for all users. Additional upward momentum was driven by significant institutional activity, including CEA Industries' announcement of a $1.2 billion BNB-focused fund and Nano Labs' acquisition of 128,000 BNB for its treasury, which signaled growing corporate adoption and confidence in BNB. Despite recent volatility and a correction from its late July all-time high, BNB remains supported by strong trading volumes (approximately $1.95 billion to $2.92 billion in the last 24 hours), a market capitalization exceeding $106 billion, and a circulating supply of around 139 million tokens.