BNB Surges 1.99% as CEA Industries Allocates $1.2B, Nasdaq Ticker Change Boosts Institutional Demand

BNBUSDT is currently trading at 774.67 USDT, reflecting a 1.99% increase over the past 24 hours, with a 24h open of 759.54 USDT. The recent price uptick is attributed to continued institutional interest, notably CEA Industries' $1.2 billion treasury allocation and the announcement of its ticker change to 'BNC' on Nasdaq, positioning it as a BNB proxy for institutional investors. Additional support comes from Binance's new Simple Earn and staking campaigns, which have enhanced user engagement and reward opportunities for BNB holders. Despite a recent pullback from its all-time high of $850 in late July, BNB remains supported by strong on-chain metrics, including over $7 billion in total value locked and a high percentage of profitable supply. Trading volume in the last 24 hours ranged from $1.05 billion to $1.99 billion, with BNB consolidating near key technical support levels and maintaining a robust market capitalization of approximately $107 billion.