Kraken Observes BNB’s Meteoric Rise to $788 as Institutional Investors Pile In

BNB (BNB) has surged to $788, driven by significant institutional inflows totaling $290 million this week. This price rally aligns with BNB Chain's ambitious scalability upgrades, aiming to achieve 20,000 transactions per second (TPS) by 2026. Publicly traded companies are increasingly adding BNB to their treasury reserves, highlighting growing confidence in its utility beyond just exchange functions. Market data further reinforces BNB's dominance in the crypto space, as both retail and institutional investors flock to the asset. The combination of strong fundamentals, technological advancements, and institutional endorsement positions BNB for sustained growth in the coming years.

BNB Surges to $788 Amid Institutional Inflows and Scalability Upgrades

BNB ($BNB) breached $788 as institutional capital flooded the market, with $290 million in fresh buys recorded this week. The rally coincides with BNB Chain's ambitious roadmap to boost transaction speeds tenfold, targeting 20,000 TPS by 2026. Publicly traded firms are increasingly allocating treasury reserves to BNB, signaling conviction in its utility beyond exchange functions.

Market data underscores BNB's dominance as a top-five Layer-1 asset: $109.87 billion market cap, $3.7 billion daily volume, and $6.84 billion TVL. Its stablecoin ecosystem ($11.1 billion) and DEX activity ($5.56 billion) reflect robust network effects. Nasdaq-listed Windtree Therapeutics initiated a $60-200 million BNB treasury strategy via Kraken, while Nano Labs acquired 120,000 BNB tokens ($90 million) - institutional adoption reaching biotech and tech sectors alike.

Bitcoin Price Aims Fresh Gains After Consolidation

Bitcoin shows signs of renewed bullish momentum as it tests key resistance levels. The cryptocurrency has established a solid base above $118,600, with the 100-hour moving average providing additional support. A decisive break above $120,250 could open the path toward $122,500.

Market structure appears constructive, with a clear trendline forming around $118,200 on BTC/USD charts. The recent pullback to $117,500 found willing buyers, suggesting accumulation at these levels. Trading volumes from Kraken indicate sustained interest despite the consolidation phase.

The technical setup mirrors previous breakout patterns that preceded significant rallies. Fibonacci levels from the recent swing low of $116,260 to the $120,237 high suggest the current consolidation represents healthy price action rather than distribution.