Binance Coin Soars to $800 as Altcoin Momentum Builds

Binance Coin (BNB) has reached a new all-time high of $800, marking a major milestone in the ongoing surge of altcoins. The token has gained over 16% in the past week and nearly 30% in the past month, bringing its market cap to $111.5 billion—comparable to major global brands.

This rise is part of a broader trend where attention is shifting from Bitcoin and Ethereum to a wider range of altcoins. Ethereum has climbed 67% in the past month, peaking at $3,800, while XRP hit a record high of $3.65. Other notable gainers include Solana, up 24% for the week; Dogecoin, up 35%; and Cardano, up 50% over two weeks—though many still trade well below their historic highs.

BNB has surged 300% since its low in October 2023, boosted by significant institutional interest. Nasdaq-listed Nano Labs recently announced the creation of a BNB treasury, purchasing 120,000 BNB (around $90 million) and acquiring more through OTC deals at an average price of $764. The company plans to eventually hold up to 10% of BNB’s circulating supply, which currently stands at 139 million tokens out of a total 200 million.