BNB Token Surges 3.86% as $560M Institutional Adoption and Robust Reserves Fuel Bullish Momentum

BNBUSDT has seen a notable price increase of 3.86% over the past 24 hours, rising from an open of 786.55 to a current price of 816.92. This upward movement is primarily attributed to strong institutional adoption, as evidenced by CEA Industries establishing a $500 million BNB treasury and Windtree Therapeutics creating a $60 million BNB reserve. Additionally, Binance's August Proof of Reserves report showing a robust BNB reserve ratio of 111.74% has reinforced investor confidence. The recent $1.2 billion inflow into Binance and BNB's resilience near the $800 psychological level have further supported bullish sentiment, with technical indicators pointing to continued momentum. BNB currently trades at 816.92 with a 24-hour volume of approximately $2.29 billion and a market capitalization of $112.39 billion, reflecting strong performance and sustained interest from both retail and institutional participants.