Binance Coin Soars Past $1,280: Is Institutional Activity Behind the Surge?

Binance Coin (BNB) has surged past $1,280 to a new all-time high (ATH), fueled by institutional investments and token burns. This significant rally amidst a broader market crash has sparked accusations of manipulation from traders. While analysts predict a potential target of $1,500, concerns remain about the exchange’s BNB reserves and its potential impact on user funds during volatile market conditions.