First XRP, Then BNB. All Signs Now Point to PENGU for the Next Breakout

• Major altcoins BNB and XRP have both broken out to new all-time highs, signaling market strength
• BNB’s rally is backed by treasury adoption, while XRP’s is fueled by new US regulatory clarity
• Traders are now watching PENGU, which is up 40% weekly and just 22% shy of its own ATH.

Crypto exchange Binance’s BNB token and then XRP both touched new all-time highs, igniting speculation that other major altcoins could be next in line to rally. With the market leaders now in price discovery, traders are turning their attention to high-momentum tokens like Pudgy Penguins’ PENGU.

BNB Smashes ATH on Treasury News

Binance’s BNB soared to an all-time high of $804.17, although it has slightly pulled back to $796.19 at the time of writing. The rally marks a 300% recovery from its bear market low of $200 in October 2023. 

With a market cap of $111.5 billion, BNB now rivals major traditional companies like Nike in valuation. Notably, the bullish momentum follows Nano Labs’ move to create a BNB treasury, the first of its kind by a publicly traded company.

The firm purchased 45,685 BNB OTC at an average price of $764, and has announced plans to potentially accumul…

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