Binance Coin Breaks $800 Barrier

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The native token of the world’s largest crypto exchange, Binance, has surged to an all-time high as calls for altseason intensify.

Binance Coin (BNB) prices topped $800, marking a new all-time high for the exchange-based asset in early trading on Wednesday in Asia. BNB has been on a tear lately, gaining more than 16% over the past week and almost 30% in the past month.

The latest move has pushed its market capitalization to $111.5 billion, which is about the same size as sports apparel giant Nike.

BNB Hits Milestone High
“Appreciations to all the ecosystem players, BTC maxis, ETH holders, meme traders, ETF applicants, treasury companies, good regulators, and utility builders,” said former Binance CEO Changpeng Zhao in celebration of the milestone.

The big move has added 300% to BNB price since its October 2023 bear market low of $200. The pump has followed news this week that Nasdaq-listed Nano Labs has become the first publicly listed company to create a BNB treasury with 120,000 BNB worth around $90 million at the time in reserves.

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