Ex-Coral Capital Heavyweights Plot BNB Treasury Power Play – Binance’s Ecosystem Braces for Impact

Crypto's revolving door spins again as Coral Capital alumni throw their weight behind a new BNB-focused treasury venture. Because what the world needs now is another way to institutionalize decentralized finance—with a healthy side of VC seasoning.

BNB bulls, meet your new liquidity overlords. The unnamed project—already stirring whispers in Binance-affiliated circles—aims to capitalize on BNB's post-ATH resilience. No roadmap yet, but expect the usual cocktail of yield strategies and governance tokenomics.

One hedge fund manager quipped: 'Finally, a treasury product that’ll make or break careers faster than a leveraged long on a Tuesday.' The market watches—with equal parts skepticism and FOMO—as DeFi’s institutional encroachment hits hyperdrive.

BNB grew in popularity with DEX activity

BNB also became more attractive as Binance ended its long-running legal battle with US regulators. The exchange is still a key hub for both centralized and decentralized activity, airdrops, and token sales, boosting the value of BNB. 

BNB Chain and BNB Smart Chain recently posted record activity levels, carrying over 42% of on-chain transactions compared to all other chains. The network is mostly reflecting the usage of Binance Wallet, a direct hub for decentralized swaps. 

The asset has already been used as a store of value and on-chain liquidity. BNB Smart Chain locks in over $5.7B, developing its own ecosystem of lending protocols, DAO, and other treasuries. Holding BNB also incurs staking rewards, as well as the potential to participate in additional token airdrops. 

BNB is a utility token, raising the potential that both ETF and treasuries will not just sit idly in a wallet, but could earn passive income. Around 21% of the BNB supply is currently staked, and treasuries may take a while before making a dent in circulating tokens. Up to 50% of BNB tokens are already held in whale or exchange wallets, as well as early ICO buyers.

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