$BNB

Here’s what’s happening with BNB (Binance Coin) today, July 23, 2025:

• 🚀 New All-Time High: BNB surged past $800 for the first time, reaching peaks between $801–$810 before consolidating around $804.

• Market Cap Rankings: Its market capitalization climbed to approximately $111 billion, overtaking Solana as the fifth‑largest cryptocurrency.

• Trading Volume & Sentiment: 24‑hour trading volume hit around $3.8 billion, reflecting a bullish altcoin season and strong investor optimism.

• Fundamental Drivers:

• Institutional accumulation: Nasdaq‑listed Nano Labs disclosed acquiring 120,000 BNB (~$90 M) through OTC channels.

• On‑chain inflows: A broader shift into altcoins and token burn mechanics are fueling the rally.

• Near-Term Outlook: Technical analysis points to resistance around $808–$810. If momentum holds, BNB could test $850–$900; a drop below $740 may signal a pullback.

Summary: Today marks a historic rally for BNB, driven by institutional interest, token burns, and altcoin momentum. While resistance could trigger short-term profit-taking, bullish longer-term trends remain intact.