BNB Surges Past Solana to Become Fifth-Largest Crypto
Binance Coin (BNB) has surged over 5% in the past 24 hours, reaching a new all-time high above $800 on Binance. This impressive rally has pushed BNB’s market capitalization to $111 billion, allowing it to overtake Solana and claim the position as the fifth-largest cryptocurrency in the world. Over the past seven days, BNB has gained an impressive 16%, far outperforming Bitcoin’s modest 2% rise during the same period.
The recent surge highlights growing investor confidence in BNB’s long-term potential, driven by strong fundamentals and increasing adoption within the Binance ecosystem and beyond.
Nano Labs Increases BNB Holdings, Eyes Long-Term Strategy
Adding to the momentum, Nasdaq-listed Nano Labs has expanded its BNB holdings to 120,000 tokens, valued at approximately $90 million. The company recently acquired an additional 45,684 BNB through over-the-counter (OTC) deals, at an average price of $764 per token. According to company executives, Nano Labs plans to continue accumulating BNB as part of its long-term strategy to diversify reserves and gain exposure to the growing Binance Smart Chain ecosystem.
The firm also revealed its intention to invest in BNB-based startups and support the use of BNB as a core reserve asset within its corporate treasury structure.
In a bullish outlook, Standard Chartered has projected that BNB could reach $2,775 by 2028, citing the token’s robust fundamentals, consistent network usage, and a performance trajectory that mirrors that of Bitcoin and Ethereum during similar growth phases.
Adding to the institutional push, YZi Labs—the family office of Binance co-founder Changpeng “CZ” Zhao—is backing a new BNB treasury venture. This initiative aims for a U.S. public listing and is designed to increase institutional exposure to BNB, further validating the token’s growing importance in the broader crypto market.
With strong backing from both private and institutional investors, BNB continues to solidify its place among the top digital assets, positioning itself as a key player in the next phase of crypto adoption.
