The cryptocurrency market surprises again. Binance Coin (BNB), the native token of the Binance ecosystem, has set a new ATH, confirming the exchange's dominant position and the growing strength of its community.

However, in the shadow of this success, a serious problem arises – the largest public investor in BNB, Windtree Therapeutics, is on the brink of bankruptcy, and its shares have been suspended from trading on Nasdaq.


This situation creates a paradox: the asset is growing, while its strategic investor is teetering on the brink of bankruptcy.

BNB holders are gaining, while Windtree shareholders are losing.


The American company Windtree Therapeutics, listed on the Nasdaq and operating in the biotechnology sector, has been struggling with serious financial problems for several months. On August 19, 2025, the Nasdaq announced that the company violated regulation 5550(a)(2), which requires maintaining a stock price above $1.


As a result, on August 21, trading in Windtree shares was suspended, and the delisting process was officially initiated. This means the company will lose the prestige and credibility associated with being listed on one of the largest exchanges in the world.

The Windtree drama is clearly visible on the charts. At the beginning of the year, the company was trading around a few dollars per share. Currently, its stock price has nearly zeroed out – it has dropped by over 99% in the last 12 months.

In May, the stock price fell below $1 for the first time, and despite attempts to defend this psychological level, the downward trend proved unstoppable. In the last 30 days, Windtree shares have dropped another 90%.

Windtree generated immense interest in the crypto world in July 2025. That is when the company announced it was launching a $500 million credit line to invest in BNB tokens.


This was a surprising move, as a company in the medical sector has no direct connections to the blockchain market. The investment was justified as an attempt to diversify revenues and seek alternative sources of funding for innovative research.


This decision made Windtree one of the largest institutional investors in BNB. On one hand, the company gained publicity. On the other hand, it attracted criticism, as engaging huge amounts of funds in a risky token raised questions about the stability and strategy of the management.

Market paradox – the strength of the cryptocurrency versus the weakness of the investor


The entire situation is a symbolic example of the dynamics of the financial market:

  • asset (BNB) is gaining strength and reaching historic highs,

  • the investor (Windtree) – instead of benefiting from the bull market – is losing market confidence and being kicked off the exchange.

It serves as a reminder that investing in cryptocurrencies, while potentially profitable, can be fraught with enormous risk – especially if it is backed by a public company required to adhere to strict regulations and ensure financial transparency.

For Windtree, the future looks uncertain. The company may attempt restructuring and move trading to OTC markets (over-the-counter), but losing its Nasdaq listing is a huge blow to its reputation.


Meanwhile, Binance and BNB holders gain another argument confirming that the exchange token is one of the strongest assets on the market. But the story of Windtree serves as a reminder: even when a token is rising, a poorly managed investor can plunge into crisis.