BNB Hits New All-Time High Amid Token Launch Frenzy

BNB surged to a new all-time high on July 28 around $860, breaking above the critical $846 level following a sharp 7% intraday move.

As of writing, the token is trading around $845.93, reflecting strong investor demand driven by multiple ecosystem catalysts.

Delabs Games Token Launch Sparks Buying Frenzy

The primary catalyst was the Token Generation Event (TGE) for Delabs Games on Binance Wallet. To participate, users had to lock up BNB, creating immediate and concentrated demand. With 60 million DELABS tokens available at $0.0033 per BNB and each wallet capped at 3 BNB, interest spiked. This directly pushed BNB’s 24-hour volume up 96.74% to $3.74 billion, coinciding with its rapid price rise from $790 to $857.

Institutional Confidence and Burn Mechanics Add Fuel

Institutional players are reinforcing the bullish momentum. Nano Labs’ $500 million reserve strategy and Windtree’s recent allocation signaled long-term confidence in BNB as a strategic asset. Simultaneously, Binance’s quarterly burn of 1.9 million BNB ($1.5 billion) continues to support price appreciation by reducing circulating supply. The network’s TVL also climbed to $7.2 billion, marking its highest level since 2022.

Technical Outlook: Breakout With More Upside Potential

BNB has now broken above the $846 Fibonacci resistance, confirming a bullish breakout. The MACD remains positive with a histogram reading of +8.99, while the RSI at 86.34 suggests overbought conditions but sustained momentum. If momentum holds, BNB could target $901 and $1,048, while the $770–$790 range now serves as key support.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.