BNB Price About to Skyrocket? Nano Labs Invests $500 Million in BNB

BNB rose 3% to around $637.7 after Nano Labs , a Nasdaq-listed company, announced plans to purchase BNB through a $500 million convertible bond deal.

The company also plans to potentially invest up to $1 billion in BNB and aims to hold 5–10% of the total circulating supply (currently 140.88 million tokens ) as part of its long-term crypto investment strategy.

Organizational interest drives this
A group of former hedge fund professionals is looking to raise $100 million to invest in BNB through a new company, Build & Build Corporation , with the goal of listing on Nasdaq.

Confidence in BNB is growing as VanEck files for a BNB ETF in the US , with analysts estimating the chances of approval at up to 90%.

If approved, this ETF could attract institutional capital and push BNB prices up sharply.

BNB Price Outlook
BNB's RSI on the daily chart is around 45, indicating a slight recovery from being oversold. However, BNB has not entered a strong uptrend yet, with important resistance levels at $647 and $670.

BNB's Bollinger Bands are narrowing, the price is trying to cross the 20-day SMA around $647. If it closes above this level, BNB could rise to the $673 zone.

MACD remains in bearish territory but shows signs of a potential bullish crossover. If buying power increases, BNB could reach the $690–$700 zone.