coindesk.com
BNB rose around 0.6% in the last 24 hours, shaking off a recent drop to now trade close to $780. At its peak, the token reached $785.75, bouncing from a low of $761.22 during a stretch of high-volume trading.
Much of the volume centered on a sharp correction, when BNB dropped from $774.52 to $761.34 on volume more than twice the daily average, according to CoinDesk Research's technical analysis model.
That pullback, however, was short-lived.
BNB’s price traced a V-shaped recovery, ending near its high and well above the key $761 support zone. The rebound came after Windtree Therapeutics committed $520 million toward its planned BNB corporate treasury.
The purchase represents one of the largest non-crypto institutional entries into a non-bitcoin token to date. Other companies, including Nano Labs, have also been betting on BNB, whose supply has been steadily dropping over Binance’s and BNB Chain’s token burns.
Meanwhile, BNB Chain continues to grow its developer ecosystem. The platform announced the next cohort of its Most Valuable Builder accelerator, backing 15 early-stage startups working in AI, decentralized finance, and tokenized real-world assets.
BNB is now showing signs of consolidation as it hovers around the $780 level, according to CoinDesk Research's technical analysis model.
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.