Key takeaways
- Binance’s BNB has risen 2.5% over the past 24 hours and could climb further amid a strong market recovery.
- Former Coral Capital Holdings executives plan to launch a BNB treasury, a move that could support higher BNB prices.
Build & Build Corporation to raise $100 million to establish a BNB treasury
Former executives of Coral Capital Holdings have formed a company called Build & Build Corporation and intend to assemble a treasury of BNB, according to a recent Bloomberg report.
The company is seeking to raise $100 million to fund the initiative. Build & Build Corporation will be led by former Coral Capital executives Patrick Horsman, Joshua Kruger and Johnathan Pasch. The firm also plans to go public via a reverse merger with an unnamed company listed on the Nasdaq.
If executed, the plan could boost BNB’s price over the medium and long term. Several companies already hold significant crypto treasuries—some, like Strategy, Metaplanet and GameStop, maintain large Bitcoin reserves. A similar accumulation strategy focused on BNB could push the token toward fresh all-time highs if investor demand and market conditions align.
BNB eyes $700 as fundamentals improve
BNB, the native token of the Binance ecosystem, has shown positive performance in the last 24 hours following a bearish weekend. At the time of writing, BNB trades around $638, up 2.5% in the past day.
This uptick comes amid a pause in regional tensions between Israel and Iran. If bullish momentum continues, BNB could test the $700 level soon. Technical indicators have also shifted to reflect the recent price action.
The 4-hour BNB/USD chart shows buyers regaining control. A 55 reading on the RSI indicates that BNB is moving back into positive territory after several days spent below neutral levels.
MACD lines (blue and red) are crossing toward the positive region, signaling growing bullish momentum. If the current uptrend persists, BNB will likely test the first major resistance near $676. Should the rally extend, BNB could reach $700 for the first time since February.
Investors should weigh market-wide factors alongside on-chain developments and any institutional accumulation when assessing BNB’s upside potential. As always, market conditions can change quickly, and technical setups should be monitored for confirmation before making trading decisions.