Binance Coin (BNB) is holding above the $700 level as a large whale position, an upcoming network upgrade and shifting market momentum put renewed attention on the token’s ability to sustain its recent breakout. A whale has reportedly committed more than $8.5 million to a leveraged BNB strategy using Venus Protocol, while the BNB ecosystem prepares for the Pasteur Hardfork. Together, the developments have added another layer to an already closely watched technical setup.