Key Takeaways
BNB surged near its all-time high as on-chain volume, funding support, and institutional capital poured in. Windtree’s $520 million bet add fuel to what may become a breakout rally.
Binance Coin [BNB] continued to climb over the last 24 hours, gaining 1.87% and pushing within $13 of its all-time high at $809.
Naturally, this price surge coincides with mounting on-chain and derivatives activity that could set the stage for a breakout.
AMBCrypto’s latest review points to growing volume, wallet adoption, and institutional interest converging at a critical juncture.
DEX dominance lifts BNB volume
DeFiLlama data showed that BNB registered $3.936 billion in daily DEX volume. It surpassed Ethereum by over $1.5 billion.
This also ranked BNB as the top performer across all chains in the past 24 hours.
Source: DeFiLlama
Additionally, over the last 30 days, BNB’s cumulative DEX volume stood at $189.2 billion, more than double Solana’s $79 billion, according to DeFiLlama.
This volume spike comes amid a notable rise in adoption. BSCScan data shows that over 180,000 new BNB addresses were created in the past day—an increase of more than 62%—bringing the total to over 288,000.
Source: BSCscan
BNB sees wave of funding support
The derivatives market is reinforcing the bullish trend for BNB.
Data from CoinGlass shows that both the Taker Buy/Sell Ratio and the Open Interest (OI) Weighted Funding Rate have shifted in favor of the bulls.
The Taker Buy/Sell Ratio currently sits at approximately 1.1, indicating that buy-side pressure dominates. A ratio above 1 typically confirms a bullish tilt in market sentiment.
Source: CoinGlass
Meanwhile, Open Interest Weighted Funding Rates have flipped positive, holding steady at 0.0141%—indicating traders with long positions are now paying a premium.
Having said that, this optimism isn’t limited to just market structure.
Whale action and institutional interest creep in
Onchain Lens reported a whale deposit of $5.56 million in USDC into HyperLiquid, used to open a 3x long position in BNB and short positions in Solana and Zora.
The BNB portion alone totaled $10.2 million in long exposure, highlighting confidence from smart money in BNB’s near-term upside.
Institutional interest may also be fueling this momentum.
Windtree Therapeutics, Inc., a biotech company, has taken a major step into crypto by establishing a BNB treasury fund worth $520 million, confirming a long-term bet on digital assets.
The company plans to fund this allocation via an Equity Line of Credit (ELOC) and Build and Build Corp.
Patrick Horsman, CFA and Director at Horsman Holdings, described the move as part of a long-term vision:
“Windtree’s strategy to integrate BNB into its treasury reflects a forward-thinking approach to value creation.”
Can BNB break through?
According to TradingView data, BNB is now hovering just below its all-time high at $809.84, currently trading at $796.29.
Source: TradingView
Given the bullish derivatives setup, rising DEX dominance, and institutional validation, a breakout past resistance could be imminent—if momentum sustains.