BNB cryptocurrency plummets by 6% after reaching historic high

Yesterday, on July 23, 2025, the value of the cryptocurrency BNB BNB $809.99 BNB 3.20% Market capitalization $112.82 billion VOL. 24 hours $0.15 billion exceeded $ 800 for the first time, setting a new all-time high. Nevertheless, over the past day, the price of the asset has plummeted by 5.5%. As of the time of the publication of the news, the coin was trading at $ 754.

Nevertheless, the rise in the value of BNB has led to an increase in the coin’s market capitalization to more than $ 111 billion, which allowed it to take fifth place in the global ranking of crypto assets and surpass Solana SOL $181.94 Binance-Peg SOL 3.90% Market capitalization $0.2 billion VOL. 24 hours $0.64 billion .

An important role in the course dynamics was played by significant transactions by Nano Labs, which increased its reserves to 120,000 BNB by purchasing them at a price of $ 707. Earlier, this Chinese manufacturer announced the creation of a $ 1 billion treasury in BNB.

Another factor that supported the price was the announcement by YZi Labs (formerly Binance Labs) of plans to create BNB Treasury Company, which will also hold reserves in BNB.

Former Binance CEO Чанпен Чжао" href="https://noworries.news/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao noted the coin’s new record and thanked market participants — from bitcoin supporters BTC $117,321.08 Bitcoin 0.59% Market capitalization $2.34 trillion VOL. 24 hours $1.1 billion and meme-coin traders to developers and regulators who contributed to the development of the crypto ecosystem.