BNB Approaches $930 as Corporate Treasuries Boost Holdings
BNB rose 1.4% in the past 24 hours, climbing to $933.03, as traders increased exposure ahead of potential shifts in U.S. interest rates. Large-volume transactions helped the token break through key technical resistance, according to CoinDesk Research’s analysis.
Corporate treasuries now hold approximately 828,900 BNB, valued at around $770 million, with firms such as CEA Industries continuing to accumulate. CEA Industries leads corporate holdings with 389,000 BNB in its treasury.
The price gains come ahead of Wednesday’s Federal Reserve meeting, with the CME’s FedWatch tool showing a 96% probability of a 25-basis-point cut and a 5% chance of a 50-bps reduction. Polymarket traders place a 92% likelihood on the smaller cut.
BNB’s recent move reflects broad-based interest, as prices steadied in the low $910s before retesting the $930 resistance level. Coordinated volume spikes indicate the buying was widespread rather than isolated.
The cryptocurrency continues to dominate the exchange token sector, offering transaction fee discounts on Binance and utility across the BNB Chain ecosystem. BNB represents 81% of the sector’s market capitalization and, alongside KuCoin’s KCS, is trading near all-time highs, signaling sustained investor confidence.
