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BNB Surpasses $880 for the First Time

BNB Surpasses $880 for the First Time

The token's market capitalization exceeded $120 billion, setting a new record.

On August 21, BNB reached a new all-time high of $881. The token’s market capitalization exceeded $120 billion, setting a new record.

BNB впервые поднялся выше $880
Source: CoinGecko

At the time of writing, the price of Binance’s coin had adjusted by 2% to $862. 

BNB впервые поднялся выше $880
Hourly chart of BNB/USDT on Binance. Source: TradingView

Over the past 12 hours, $1.23 million worth of BNB trader positions were liquidated amid the price surge. 

BNB впервые поднялся выше $880
Source: CoinGlass

According to analyst Cas Abbe, the $800 mark has become a new support level. He anticipates that BNB’s price will rise to $900-1000. 

“Higher lows are forming, creating a clear upward trend. […] The price is outpacing fundamental indicators, and this movement seems far from over,” he noted. 

Crypto investor Lennaert Snyder believes that with the return of momentum, the crypto asset will set another record. DeFi enthusiast known as GemsScope suggests that in the current cycle, BNB could reach $2200. 

Windtree Delisting 

Nasdaq has announced the delisting of biotech company Windtree Therapeutics, which had previously aimed to become a “Strategy from the world of BNB.” 

The firm violated the requirement to maintain a minimum share price of at least $1, according to a notice dated August 19. Trading of WINT shares will be suspended at the opening of the session on August 21.

Following the announcement, Windtree’s share price fell by 77%. Over the past month, the figure has decreased by 90%, and since the beginning of the year, by 99%. The problems began in May when the price first dropped below $1.

BNB впервые поднялся выше $880
Source: Yahoo Finance

Windtree is among the companies focused on creating a digital treasury. In July, the firm announced an agreement with Build and Build Corp for $20 million to purchase BNB tokens. 

The trend of forming corporate crypto reserves has sparked debates among industry participants. 

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