Daddy! Hold on tight because this is going fast. BNB, Binance's little coin, has just made history. After an impressive surge, it reached a new all-time high of $883. Can you imagine? 📈 That's over $2 billion that flowed into the BNB market just in August.
I mean, interest is off the charts. And why? Because people are seeing this go up without brakes, with the bulls (that's what they call those betting on prices going up) regrouping to go all out and surpass $900.
But be careful, not everything is rosy. 😬 Things get a bit complicated with news that no one expected. An American company, Windtree Therapeutics, had announced with great fanfare a plan for a $500 million 'treasury' in BNB, which would have been a brutal boost. What's the problem? Nasdaq has warned that it will delist its shares because they do not meet the requirements. And now, Windtree hasn't said a word about how this will affect its plan with BNB. 🤫
This is a cold shower, because this was the first company brave enough to attempt a BNB treasury, and now the uncertainty could slow down the momentum a bit. It's like when the team is winning and suddenly the star gets a yellow card. 🟡
Despite that, the overall market sentiment remains super bullish.
Those buying options are betting that BNB will surpass $900 and reach the psychological level of $1000. It's as if they can already see themselves at the finish line.
And with Glassnode's numbers confirming wild growth, the party seems to be just getting started. The question is: will this stumble with Windtree be just a bump in the road or something more serious that could change the game? Time will tell, but the battle for a thousand dollars is already underway. 🥊$BNB
