BNB Breaks $850, But Why Is Everyone Suddenly Obsessed with It?
Well, well, well, look who decided to break through its old ceiling! BNB just slammed through its previous high, smashing a shiny new all-time record. Looks like the Binance ecosystem’s bullish fever is spreading like wildfire.
//lh7-rt.googleusercontent.com/docsz/AD_4nXdfcsVoB2ZPiGoTgBOpvtk5nqnaNtanFWdF3ny6vl2-DonyB05ncGsPACBzjVDqVB6WSIWtTlbbvJgpA40RpyFxO5SfnHlkVg9hUFVf4zerChatevokcCTpL_GMrxEGy2hG1LLCag?key=qZO2FDOeAUk2eDdeL38U6g”/>
BNB’s rally shot it into the top five best performers of the day, briefly hitting $860 before retreating just a bit. It’s also stirred up some serious trading activity, with daily volume jumping a whopping 90% (yep, you read that right) as reported by CoinMarketCap.
Now, the token is proudly sporting a market cap of over $119 billion, making it the fifth-largest crypto asset, trailing only Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and USDT (USDT). But the question still lingers—what’s driving this rally? Let’s find out.
Why BNB Is Surging
It’s not a mystery, folks. Investors are back in full force, with confidence in Binance-linked products bouncing back like a rubber ball. Coingecko data reveals that Binance’s daily trading volume spiked by 58% today, reaching a solid $21 million. Meanwhile, on-chain data shows that Binance Smart Chain (BSC) is also picking up the pace, with total value locked (TVL) on the network climbing to $7.2 billion—its highest level since early 2022. DeFiLlama, anyone?
But wait, there’s more. BNB’s burning strategy is making waves—literally. The most recent quarterly burn slashed over 1.9 million BNB from circulation, a value topping $1.5 billion at current prices. Talk about deflationary magic! 🪄✨
And don’t forget about the whales. Institutions are now getting cozy with BNB. Nano Labs and Windtree Therapeutics have made it clear that they plan to hold BNB as a long-term reserve asset. Those two firms alone have snagged millions in BNB, adding some serious fuel to the fire.
So, What’s Next for BNB? Is $1,000 Just Around the Corner?
The rally has ignited excitement all around, with many now eyeing $1,000 as the next big milestone. And guess what? Cryptoquant analyst Joao Wedson agrees. He believes there’s plenty more upside to come. In fact, he pointed out in a recent post on X that BNB’s market cap is currently just 24% of Ethereum’s. That’s right, only 24%. The potential here is, well, enormous.
🚀 BNB is surging — and risk analysis shows there’s still plenty of room to climb!
A $1,000 BNB might not be an exaggeration… In fact, it could be a conservative target for the coming month.
Today, BNB’s market cap is just 25% of Ethereum’s, and historically, whenever BNB…
— Joao Wedson (@joao_wedson) July 27, 2025
Per Wedson, if BNB can even modestly close that gap, hitting $1,000 might actually be a “conservative” estimate. He also made an interesting observation that BNB/ETH tops often line up with major turning points in Bitcoin’s price. Could this breakout be a signal for a broader market shift? Time will tell.
With thousands of tokens on BSC and liquidity flowing across the Binance ecosystem like a flood, all eyes are now on BNB. Will it push into four-digit territory? Stay tuned, folks. It’s going to be a wild ride. 🎢
Read More
- Clash Royale Best Boss Bandit Champion decks
- PUBG Mobile joins the Esports World Cup stage with PMWC 2025
- PUBG Mobile World Cup (PMWC) 2025 to share the EWC stage in style
- BLG vs G2 at the LoL Esports World Cup 2025
- adidas Adds Laces to Its 3D-Printed Climacool Sneaker
- Team Heretics crowned champions of the VALORANT EWC 2025
- T1 Faker at the MSI 2025: “Despite losing to Gen.G twice, I believe we are capable of defeating them.”
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- T1 vs KOI at League of Legends EWC 2025
- Dr. Phil’s TV network files for bankruptcy and sues distribution partner
2025-07-28 13:43