BNB Soars as Nano Labs Drops $500M Bombshell: Strategic Reserve Bet Signals Bullish Future

Nano Labs just lit a rocket under Binance Coin—announcing a half-billion-dollar strategic reserve play. Here’s why crypto traders are scrambling.

The $500M Gamble

No vague promises here. Nano Labs is putting real capital behind BNB, locking in reserves that could stabilize—or supercharge—the token’s trajectory. Wall Street’s ‘safe’ bond portfolios just got a side-eye from crypto’s high-rollers.

BNB’s Make-or-Break Moment

With institutional money now eyeballing the coin, the pressure’s on: deliver utility or become another overhyped entry in the crypto graveyard. Meanwhile, traditional finance pundits are still arguing about ‘tulips’—right before missing the next bull run.

TLDR

• BNB price retested $645 after Nasdaq-listed Nano Labs announced a $500 million strategic reserve initiative
• Changpeng Zhao (CZ) publicly supported the move but clarified Binance is not directly involved
• BNB has climbed above the 50 EMA and tested the 20 EMA, showing potential for breakout to $725
• Daily transactions on BNB Smart Chain dropped 6.49% to 14 million, indicating weakening user activity
• On-chain metrics show declining engagement with new addresses down 20.73% and smart contract deployment falling 17.4%

Binance Coin trades near $645 as conflicting signals emerge from institutional backing and weakening on-chain metrics. The cryptocurrency faces pressure from both positive institutional developments and declining network activity.

Nano Labs, a Nasdaq-listed integrated circuit design company, announced a $500 million agreement to establish a BNB strategic reserve. This MOVE represents institutional adoption for the altcoin.

Binance founder Changpeng Zhao responded positively to the announcement. He welcomed the ecosystem growth while clarifying Binance’s position.

“Nano Labs Ltd becomes a BNB-only strategic reserve public company, bringing $500 million to BNB,” CZ stated. He added that his affiliated entities did not participate in this round but remain supportive.

The announcement caused Nano Labs’ stock price to surge. This institutional backing has created bullish sentiment around BNB.

🚨 Announcement#NanoLabs has entered into a $500M convertible notes purchase agreement to launch our $BNB Strategic Reserve. $NA

🔗https://t.co/bj4nbzDUrq pic.twitter.com/i3ezU3MrcV

— Nano Labs (@NanoLabsLtd) June 24, 2025

Technical analysis shows BNB trading in a falling channel on the 4-hour chart. The cryptocurrency appears to be moving closer to the upper trendline of the descending channel.

BNB has climbed above the 50-day Exponential Moving Average. The altcoin is now testing the 20-day EMA, which could signal a potential breakout.

The Awesome Oscillator shows positive momentum after forming a bullish twin peak. This indicates rising bullish momentum for the cryptocurrency.

Bull Bear Power readings show buyers remain in control. If sustained, these technical indicators could drive BNB’s price above $700.

Technical Outlook Points to Higher Levels

Weighted Sentiment around BNB has turned bullish according to on-chain data from Santiment. This metric measures market commentary tone across social platforms.

The sentiment reading has risen to 2.24, indicating positive average sentiment. This bullish sentiment could fuel increased demand for BNB in the short term.

If BNB continues its current trend, the next resistance level sits at $685.10. A successful breach could open the door for a move toward $725.

However, rejection at the 20 EMA could invalidate the bullish thesis. In that scenario, BNB could decline toward $617.60.

Network Activity Shows Concerning Decline

Despite positive price action, BNB Smart Chain metrics paint a different picture. Daily transactions dropped 6.49% to 14 million on June 24th.

This represents a decline from a local high of 17.7 million transactions just four days prior. The drop suggests weakening demand for network usage.

New address creation also declined by 20.73%, falling to around 449,000. This indicates waning interest among potential new users.

Smart contract deployment showed an even steeper decline of 17.4%. Daily deployed contracts dropped to 67,000 on June 24th compared to nearly 81,000 the previous day.

Total transaction fees paid on June 24th amounted to just 565.14 BNB. This represents a 20.43% decline from 710.12 BNB on June 23rd.

The fee decline coincided with lower user engagement. Average fees per transaction also slipped 14% to roughly $0.03.

Earlier in the week, transaction fees spiked to 1,348.44 BNB on June 20th. This spike aligned with the brief surge to 17.7 million daily transactions.

Since that peak, both fees and transactions have steadily declined. With fewer tokens being burned via gas, BNB’s circulating supply remains static while demand cools.