Binance Coin (BNB), the native cryptocurrency of the Binance ecosystem, has shattered the $1,000 price barrier for the first time, reaching a new all-time high of $1,005. The historic surge is fueled by a confluence of factors, including growing institutional demand, favorable macroeconomic conditions, and a surge in investor confidence.
The price rally follows a recent 25-basis-point interest rate cut by the Federal Reserve, a move that has injected new liquidity into risk assets, including cryptocurrencies. This has boosted BNB’s position as one of the top five cryptocurrencies by market capitalization.
Binance founder Changpeng Zhao (CZ) celebrated the achievement with a message on social media platform X, calling the token’s journey from $0.10 to $1,000 “something words cannot explain.” He thanked the community for their support and added, “This is just the beginning. To the next 10000x together!”
The significant price appreciation is largely attributed to a rise in institutional interest. In August, the Nasdaq-listed investment firm B Strategy announced plans for a $1 billion fund dedicated to accumulating BNB. This follows the company’s strategy of holding BNB in its treasury and investing in the broader BNB ecosystem.
CZ has also noted that more than 50 Digital Asset Treasury (DAT) firms have expressed similar interest, signaling a growing trend of major players seeking regulated exposure to the asset. Several firms, including CEA Industries, Nano Labs, and Windtree Therapeutics, have already publicly disclosed their long-term positions in the token.
In parallel, the Binance Smart Chain’s (BSC) Total Value Locked (TVL) has increased to $7.93 billion, indicating a rise in decentralized finance (DeFi) activity and liquidity on the network. This growth in user engagement and real-world use cases further strengthens the case for the token’s value. Additionally, reports suggest the U.S. Department of Justice may be close to lifting its compliance oversight on Binance, a development that could further boost investor confidence.
While BNB saw a minor correction after its peak, it continues to trade at a strong level, with 24-hour gains of 4.46% and a weekly increase of approximately 11.2%.
