BNB rose 0.6% in the past 24 hours, recovering from a recent dip to trade near $780. The token peaked at $785.75 after rebounding from a low of $761.22 during a period of heavy trading, according to CoinDesk Research’s technical analysis.
The volatility followed a sharp correction that saw BNB drop from $774.52 to $761.34 on trading volumes more than double the daily average. However, the pullback was short-lived as the price quickly recovered in a V-shaped pattern, holding above the crucial $761 support level.
A major catalyst for the rebound came from Windtree Therapeutics, which announced a $520 million purchase of BNB for its corporate treasury. This marks one of the largest non-crypto institutional investments in a non-Bitcoin digital asset to date. Other companies, including Nano Labs, have also increased exposure to BNB, adding to bullish sentiment around the token.
BNB’s supply dynamics continue to tighten as Binance and BNB Chain conduct periodic token burns, further supporting price stability. In parallel, BNB Chain is expanding its developer ecosystem with the launch of its new Most Valuable Builder accelerator cohort. The program will support 15 early-stage startups in areas such as artificial intelligence, decentralized finance, and tokenized real-world assets.
With prices consolidating near $780, technical indicators suggest BNB may be preparing for another breakout as market momentum and institutional interest grow.
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