BNB rose more than 3% in the past 24 hours, briefly topping $800 to reach a new high near $810.
BNB peaked at $809.84 as trading volume exceeded the session’s average to 125,568 tokens in an hour, according to CoinDesk Research’s technical analysis model.
Behind the rally were a number of factors, including a more risk-on attitude from investors and increased corporate participation. Nasdaq-listed Nano Labs revealed it now holds 120,000 BNB tokens, while companies including Build & Build Corp. and WindTree are also accumulating.
The rally helped BNB become the fifth-largest cryptocurrency by market capitalization after being briefly eclipsed by solana (SOL) on Tuesday. On social media, Binance founder and former CEO Changpeng Zhao commented on the rally, showing appreciation for ecosystem participants.
Still, technical resistance near $808 may keep prices hovering near the $800 mark before any move higher.
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