Today, BNB reached a record price of over $904, attributed to significant market movements, particularly due to the partnership between Binance and Franklin Templeton. Increasing interest from institutional investors also played a key role in this development.
Binance and Franklin Templeton Alliance
The partnership between Binance and Franklin Templeton, a major player in traditional finance, focuses on bridging traditional finance with digital assets. With $1.6 trillion in assets under management, Franklin Templeton plans to collaborate with Binance on launching scalable digital asset products.
Corporate Treasury Participation
Another significant factor in the recent price hike is the participation of corporate treasuries. CEA Industries (BNC), a Nasdaq-listed company, recently disclosed the purchase of 30,000 BNB worth about $26 million, increasing its total holdings to 418,888 tokens.
Market Outlook for BNB
The rising interest from institutional players, combined with strategic alliances such as that of Binance and Franklin Templeton, has contributed to BNB's impressive growth. The token's price increase of nearly 3% in a single session reflects market confidence in its future. This year's returns for BNB have exceeded 28%, establishing it as one of the top-performing cryptocurrencies of 2025.
BNB's remarkable surge above $904 marks a significant milestone, with expectations for the price to potentially rise to $1,400 in the coming months.
