🚀 BNB Price Surge Continues: Nasdaq Giant CEA Industries’ $160M Bet Sparks Bullish Frenzy

BNB isn't just holding gains—it's gunning for more. The catalyst? A jaw-dropping $160 million wager by CEA Industries, now flashing on Nasdaq tickers like a neon buy signal.

Wall Street meets crypto—again

When traditional finance heavyweights drop nine-figure bets, the market listens. CEA’s move isn’t just a vote of confidence—it’s a calculated power play in the BNB ecosystem. Liquidity floods in, charts turn green, and suddenly everyone’s a 'long-term believer.'

The cynical footnote

Funny how institutional 'conviction' always arrives after retail traders front-run the pump. But hey—this time it’s 'different,' right?

BNB’s growing corporate adoption 

Nasdaq-listed CEA Industries announced on Sunday that the firm had purchased 200,000 BNB tokens worth $160 million. The firm has become the largest corporate holder of BNB globally, after securing a $500 million private placement led by 10X Capital in partnership with YZi Labs, establishing the first BNB Treasury Company in the US.

“[The firm] plans to continue purchasing BNB until the initial treasury capital is fully deployed and may tap up to $750 million more (...) if fully exercised, total proceeds could approach $1.25 billion for additional BNB acquisitions,” said its press release.

This news announcement indicates a bullish outlook for the BNB token in the long term, as it increases exposure, growth, liquidity, and wider adoption. BNB price rose slightly on Sunday and continues to trade higher at the time of writing on Monday, above $820.

BNB Price Forecast: BNB bulls aiming for record highs

BNB price found support around its weekly level of $742 on Tuesday and ROSE nearly 7% in the next five days.

If BNB continues its upward trend, it could extend the rally toward its all-time high of $861.10 on July 28. If a successful close above this level occurs, BNB WOULD enter in price discovery mode with bulls targeting the psychological level of $900.

The Relative Strength Index (RSI) on the daily chart reads 65, above its neutral value and below overbought conditions, indicating bullish momentum could extend further. The Moving Average Convergence Divergence (MACD) lines are about to flip into a bullish crossover that could further support the continuation of the recent uptrend.

BNB/USDT daily chart 

If BNB faces a correction, it could extend the decline to find support around its daily level at $793.86.

Related news

• Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC nears record highs, ETH and XRP follow suit
• Cardano Price Forecast: ADA bulls eye next leg higher as Open Interest climbs to $1.44 billion
• Pudgy Penguins taps into the Latin American market with Ripio listing