#BNBATH880 Here’s what #BNBATH880 signifies and what’s been happening:
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What Is #BNBATH880?
The hashtag #BNBATH880 refers to Binance Coin (BNB) achieving or approaching an All-Time High (ATH) price of $880.
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Recent Highlights & Context
According to CCN, BNB smashed a fresh all-time high of $882.59 on August 21, 2025, following a bullish double-bottom formation that triggered the surge.
Binance’s official platform also noted the $880 level as a significant milestone, citing it as a threshold where BNB has “reached or is approaching” this new ATH.
Institutional Drivers & Market Dynamics
Institutional Buying:
BNB Network Company (BNC) purchased 325,000 BNB (~$283 million) on August 18, making it a leading corporate treasury holder.
Windtree Therapeutics had also allocated $60 million in BNB previously.
These moves significantly reduced supply on exchanges—from ~28.5% down to ~22.6%—which helped drive the rally.
Ecosystem Strength & On-Chain Momentum
TVL on BNB Chain surged by 20% since July, reaching about $12.1 billion.
The #BNBHack hackathon attracted over 180 submissions (focused on AI & DePIN), signaling growing developer engagement.
Weekly active users on BNB Chain rose to 16.8 million, the highest this year, reinforcing adoption and usage momentum.
Technical Landscape & Outlook
Breakouts & Indicators:
The $869 resistance was decisively broken on August 19. Support formed around the 7-day moving average (~$840), while MACD confirmed bullish trend continuation.
RSI is climbing toward overbought territory (mid-50s to high-50s), suggesting caution for short-term traders.
Next Resistance Levels: Analysts are watching ~$905–906 (the 127.2% Fibonacci extension) as the next ceiling. A sustained push above $900 could pave the way toward the psychological ~$1,000 mark.
ForkLog corroborated the ATH, reporting that BNB reached $881 on August 21, with market cap surpassing $120 billion.
Yahoo Finance also noted BNB topped $881, setting a new all-time high.
Price: ~$894.36 USD
Intraday Range: Low ~$835, High ~$896
