Key Takeaways:
Binance Coin (BNB) has officially entered the four-digit club. After years of steady development, community support, and growing adoption, BNB surged past the $1,000 mark for the first time, reaching as high as $1,007 before a slight pullback.
Backed by macroeconomic tailwinds, institutional demand, and renewed confidence in Binance’s regulatory standing, this rally isn’t just a price spike, it’s a statement.
On September 18, BNB breached the $1,000 level, capping off an astonishing 10,000x return since its 2017 Initial Coin Offering, where tokens were sold for just $0.10 each.
The token, which powers Binance’s entire ecosystem, including BNB Chain, staking, governance, and transaction fees, has now become the fifth-largest cryptocurrency by market cap, overtaking Solana in the process.
“Watching #BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain,” Binance founder Changpeng Zhao (CZ) posted on X. “We had our challenges… but we built, we held. It’s truly a community effort.”
Read More: Bitcoin Hits $122K but CZ Warns: “In a Few Years, This Will Be Just a Fraction”
Although he left Binance management in 2023, CZ is still an icon of the BNB ecosystem. His post has been seen by many as a coded reference to the fact that he continues to push the buttons and perhaps more than ever.
The institutional interest rising is one of the strongest forces that have led to the breakout of BNB. A number of publicly-traded companies and treasury management firms are currently including BNB in their balance sheets, a move until recently considered the preserve of Bitcoin and Ethereum.
Such a quick institutional transition demonstrates a larger trust in the utility of BNB in the long run and an ecosystem developing around it, such as DeFi and staking, and adoption into real-world use.
Read More: Binance Launches 20M RESOLV Airdrop for BNB Holders Ahead of Major Token Listing
The rally comes as well with increasing speculation that Binance will soon settle its compliance issues with the U.S. Department of Justice (DOJ).
This exchange has been supervised by a court-appointed monitor since its settlement in 2023 of $4.3 billion, but now, several reports indicate that talks are progressing to remove the requirement – which would immediately lift a heavy regulatory risks burden on the users of BNB and Binance.
Also, word has it that CZ might soon rejoin the community in a strategic or advisory role, which has further frenzied the community. Though this is not confirmed officially, the speculation in itself seems to be gaining momentum to the rising of BNB.
The BNB is not the only bank enjoying a surge. The Federal Reserve rate cut by 25bps has been positive to the wider crypto market, historically the asset risk rallies.
Additionally:
The BNB success lies at the core of the community engagement and practical implementation, as opposed to many other tokens whose successes are based solely on the hype and speculative cycles. BNB has utility, which provides it with permanence in terms of its transaction fees, validator incentives, and participation in governance.
“This is just the beginning. To the next 10000x together,” CZ wrote a sentiment echoed across crypto Twitter, Telegram, and Reddit.
The post BNB Smashes $1,000 Milestone: From $0.10 to $1,000 – A 10,000x Crypto Phenomenon appeared first on CryptoNinjas.
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