BNB Recovers to $780 Following $520 Million Commitment from Windtree
BNB Market Update
- BNB rose by 0.6% in 24 hours, trading near $780.
- Peak price reached $785.75; low was $761.22 during high-volume trading.
- Notable correction occurred with BNB dropping from $774.52 to $761.34 on double the average volume.
- Price rebounded quickly, maintaining above the $761 support zone.
- Windtree Therapeutics committed $520 million to its BNB corporate treasury, marking a significant institutional investment in a non-Bitcoin token.
- Other companies like Nano Labs are also investing in BNB amid a declining supply due to ongoing token burns.
- BNB Chain is expanding its developer ecosystem with a new cohort of 15 startups focused on AI, DeFi, and tokenized assets.
- Current analysis indicates BNB is consolidating around the $780 level.