BNB Breaks Below $800 as Volume Patterns Point to Lack of Sustained Demand Despite Corporate Interest
The price of BNB fell from around $815.8 to $795 in a move that breached the widely watched $800 support level.
At its lowest, BNB touched $780 before bouncing slightly. Trading activity during this window spiked to above 4,000 tokens per minute, according to CoinDesk Research's technical analysis model.
A drop below $800 is seen as a breach of psychological support, raising questions for corporate treasuries that hold exchange tokens as part of their digital asset strategy.
The dip came after BNB hit a record high near $860 as several public companies revealed aggressive moves into the token.
CEA Industries (VAPE), backed by Binance co-founder Changpeng Zhao’s family office, Yzi Labs, said it aims to raise $500 million, with a possible extension to $1.2 billion, to build what it calls the largest U.S.-listed BNB treasury. Its stock surged over 700% following the announcement.
Other firms are also jumping in. Biopharma company Liminatus Pharma (LIMN) launched a subsidiary focused on BNB investments with a $500 million target, while Windtree Therapeutics (WINT) unveiled a $700 million BNB acquisition plan last week.
Separately, Nano Labs said it had already bought 128,000 BNB shortly after revealing new crypto treasury goals.
Volume patterns during the session, especially near the $815.40 resistance, point to active rebalancing and a lack of sustained demand. While a late-session bounce suggests pockets of confidence, the broader market structure remains fragile.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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