BNB Price Hits a Record High of $859 as Nano Labs Becomes First Public Company with BNB Treasury – Bulls Eye $1000

Highlights:

• BNB price breaks to a record high of $859, as trading volume spikes over 90%.
• Nano Labs has increased BNB holdings to 128,000 tokens, marking it as the first public company with a BNB treasury.
• BNB volume and open interest spike 313% and 38% respectively, suggesting potential upside.

The BNB price has broken out in a splendid bullish surge, hitting a record high of $859 as of 28 July. The daily trading volume has surged, increasing by over 90%, indicating heightened market activity. This recent increase has seen the BNB market cap surpass that of Nike, marking a major turning point in the cryptocurrency realm. 

Just build it 🫡 https://t.co/6sZ8UKVLZ5

— BNB Chain (@BNBCHAIN) July 28, 2025

Meanwhile, on Thursday, Windtree Therapeutics, a NASDAQ-listed company, announced that it will support BNB tokens with a commitment of accomplishments worth $520 million. The news has sparked a fresh bull run on the CEX token over the past four days, with the coin reaching a new all-time high price of $859. Mt. Windtree will also establish an equity credit facility of up to $500 million to acquire BNB and another deal where it will purchase an additional 20 million shares of Build and Build Corp.

BNB Price Shows Strength Within a Rising Parallel Channel

In the past week, the Binance Coin experienced a slight drop to around $788, as the cryptocurrency market cooled off. However, the bulls have regained momentum, pushing the coin to its record high of $859, trading well within the confines of a rising channel. The bulls are painting the bigger picture as bullish, as the immediate support zones lie around the 50-day ($684) and the 200-day ($643). If these support zones hold, a potential breakout to $1000 could be imminent in the coming weeks. 

Several technical indicators also confirm this positivity. The Relative Strength Index (RSI) is currently at the 80.43 level, indicating that the asset is in the overbought region. However, with the overbought conditions in place, traders should be cautious of a short-term pullback. On the other hand, the MACD is showing a bullish crossover with green histogram bars, which confirms that buying pressure remains strong.

Along with the price action, the data on the derivatives market of BNB portrays a positive outlook. The volume has increased by more than 300%, reaching $3.31 billion. This drastic increase in trade volume is associated with open interest, which has grown by 38.65%. This indicates that more funds are being allocated to maintaining positions in BNB.

Further evidence of market sentiment is evident when examining the long/short ratio closely. The long/short ratio of BNB is in a favorable position at 1.11. Such values convey a bullish sentiment, with a greater percentage of traders currently preparing to move further up. This is reinforced by the high presence of long positions. 

Is $1000 Imminent in BNB?

Looking ahead, the altcoin season speculation, fueled by broader market optimism, could push BNB price to the $980-$1000 range by the end of Q3 if volume holds strong. Moreover, the recent Nano Labs has increased BNB holdings to 128,000 tokens, marking it as the first public company with a BNB treasury. 

🚨 Official Update

Nano Labs has increased its $BNB holdings to 128,000 tokens.

Based on the current market price of US$850 per BNB, the total value of the Company’s BNB strategic reserve now exceeds US$108 million.

This marks the latest advancement in Nano Labs’ long-term… pic.twitter.com/CTVFT9pal5

— Nano Labs (@NanoLabsLtd) July 28, 2025

However, if BNB price pulls back significantly due to early profit-taking, it could face a slight correction towards $835 support zone. For the next quarter, a conservative target is $980, but if the price breaks upward with conviction, $1000 isn’t off the table by Q4 2025.