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BNB Briefly Tops $800 as Investors Adopt Risk-On Attitude, Corporate Adoption Grows
The price increase helped BNB become the fifth-largest cryptocurrency by market capitalization, and while technical resistance near $808 may limit further gains.
Jul 23, 2025, 2:48 p.m.
What to know:
- BNB's price surged over 3% in the last 24 hours, briefly reaching a new high of $810 before contracting.
- The rally was driven by a more risk-on attitude from investors, as well as increasing corporate participation, with Nano Labs, Build & Build Corp, and WindTree accumulating BNB tokens.
- The price increase helped BNB become the fifth-largest cryptocurrency by market capitalization, and while technical resistance near $808 may limit further gains.
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.
STORY CONTINUES BELOW
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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 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.
Disclaimer: 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.
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