BNB surged over 5% in the past 24 hours, reaching a new all-time high above $800 on Binance, and pushing its market cap to $111 billion. The rally allowed BNB to overtake Solana as the fifth-largest crypto asset. With a 16% gain over the last seven days, BNB has significantly outperformed Bitcoin, which rose just 2% in the same period.

Nasdaq-listed Nano Labs expanded its BNB holdings to 120,000 tokens, valued at around $90 million. The company recently acquired an additional 45,684 BNB through OTC deals, at an average price of $764 per token. Nano Labs plans to continue accumulating BNB, invest in BNB-based companies, and support its use as a core reserve asset.

Standard Chartered forecasts that BNB could soar to $2,775 by 2028, citing strong fundamentals and performance comparable to Bitcoin and Ethereum. Meanwhile, YZi Labs, the family office of Binance co-founder CZ, is backing a new BNB treasury venture targeting a U.S. public listing to boost institutional exposure.

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