BNB Soars Toward All-Time High as Institutional Demand Fuels 4% Surge

Corporate whales are making waves—BNB rockets toward record territory on heavy buy-side pressure.

Institutional FOMO kicks in

The Binance Smart Chain native token isn't just riding crypto's broader uptrend—it's outpacing majors with a 4% single-day leap. Suddenly every CFO's 'blockchain strategist' nephew has something new to pitch at Thanksgiving.

Liquidity crunch incoming?

With supply locked in staking and now big players hoarding bags, retail traders might soon be paying ATH prices for table scraps. The 'democratization of finance' looks suspiciously like the old boys' club with a new coat of paint.

Technical Analysis Overview

Market data showed strong buying interest through the rally, with heavy trading activity establishing solid support near $834.40. BNB’s advance cleared resistance at $839.57 and $853.67, and prices held above $850 for most of the period, a sign that accumulation remained in play even as momentum began to cool.

The rally’s peak coincided with a spike in sell orders, hinting at profit-taking that slowed the push beyond $855. That selling pressure created a bearish divergence toward the close, where the token failed to reclaim higher ground.

The broader crypto market, as measured by the CoinDesk 20 (CD20) index, rose 5.3% in the last 24-hour period. BNB has remained the dominant token in the exchange token sector, according to CryptoQuant data, accounting for over 81% of their total market capitalization. It’s around 1% away from its record high, while the second-best performing exchange token LEO remains around 8% away from it.

 Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.