BNB Surges Past $860 as Corporate Buying Frenzy Intensifies

BNB climbed 1.5% to challenge the $860 threshold, reaching NEAR multisession highs after breaking through key resistance levels. The surge was fueled by a sudden spike in buying pressure, with hourly volume jumping 70% above the 24-hour average to 49,560 tokens.

Technical indicators show the asset cleared layered resistance between $851–$853 before momentum carried it past $854. This follows CEA Industries' disclosure of accumulating 388,888 BNB ($330M), with plans to control 1% of total supply by year-end.

The rally coincides with a 2.7% gain in the CoinDesk 20 index as crypto markets broadly advanced. Traditional markets conversely faced long-bond selloffs amid sovereign debt concerns, driving capital toward haven assets like gold—pushing tokenized gold markets above $2.5B.