$BNB surged to a new all‑time high around $804–$805 on July 23, driven by increasing DeFi activity on BNB Smart Chain, regular token burns, and strong institutional accumulation—lifting its market cap above $111 billion, briefly overtaking Solana . Derivatives data and technical indicators (RSI, MACD) signal continued bullish momentum, with analysts eyeing a potential rise toward the $900–$1,200 range  . However, some profit‑taking surfaced, pulling BNB down ~1–2%, and allowing SOL to temporarily reclaim its market cap spot  .