The rising demand for BNB from institutional investors and ecosystem development leads to a significant increase in the token's price.
Institutional Investments in BNB
In recent months, interest from institutional investors in BNB has increased significantly. On August 18, Nasdaq-listed BNB Network Company (BNC) announced a $160 million purchase of BNB, raising its total holdings to 325,000 tokens valued at approximately $283 million. This acquisition makes BNC the largest publicly traded corporate holder of BNB.
The recent purchase was also supported by Windtree Therapeutics' $60 million investment in July, indicating rising confidence in the asset among large investors. Data on BNB balances on exchanges show a drop to 22.6% from 28.4% in July, creating supply tension that supports upward price pressure.
Technical Levels and Indicators
BNB's price rally accelerated after it broke through the $869 resistance level on August 19. This movement was supported by a 7-day simple moving average of $840.57, alongside a bullish MACD crossover. However, with the Relative Strength Index (RSI-14) at 56.93, analysts caution that the token may be entering moderately overbought territory. Analysts now identify the next key resistance at $905.75, which corresponds to the 127.2% Fibonacci extension level.
Ecosystem Growth and Developer Activity
The ongoing #BNBHack event has become another growth catalyst, with over 180 project submissions covering artificial intelligence (AI) and decentralized physical infrastructure networks (DePIN). Sponsored challenges from NetMindAI and AITECHio have boosted developer participation, while BNB Chain processed 13.95 million transactions on August 19, up 14% from the previous week. Industry experts highlight that consistent developer activity enhances the long-term utility of the network, reinforcing demand for BNB as its primary gas token.
BNB's record-breaking rally reflects the convergence of institutional accumulation, bullish technicals, and ecosystem momentum. While short-term volatility remains a risk, many traders watch to see if the token can clear the $905 barrier and hold above $900, which could set the stage for its next leg higher.
