Binance Coin reached a new all-time high of $1,370 on Monday. The rally came after a weekend that wiped out $19 billion in crypto liquidations across exchanges.
The BNB token rebounded strongly from the weekend crash. According to CoinMarketCap data, the new price record shows BNB outperforming the broader cryptocurrency market.
$BNB is the most insane coin
Already making new highs just one day after the worst liquidation event in crypto history pic.twitter.com/e7KXUr6E2j
— Miles Deutscher (@milesdeutscher) October 13, 2025
The price surge happened despite heavy criticism directed at Binance. Many users blamed the exchange for contributing to market chaos during the liquidation event.
Crypto trader SleeperShadow posted on X that Binance shut down their system during the crash. The trader said they were unable to close futures positions during the market downturn.
I’m done with Binance. They shut down their system during a major market crash, leaving me unable to close my futures positions. It’s simply hard and painful to see liquidation that could’ve been avoided. @eliz883 😭💔
— SleeperShadow 🧲💹 (@Flywheel_King) October 11, 2025
Binance co-founder Yi He responded to these claims. She called the allegations false and pointed to wider market conditions as the main reason behind the crash.
“According to data statistics, the proportion of forced liquidation amounts processed by the Binance platform relative to total trading volume was at a normal low level,” Yi He wrote in a Sunday post. She said the fluctuation was primarily driven by overall market conditions.
Yi He acknowledged that some platform modules experienced brief lags. However, she stated that Binance’s core contracts, spot matching engines and trading API remained stable throughout the event.
Binance announced it would distribute $283 million worth of funds to users. The compensation was for those affected by platform glitches during the weekend crash.
Jeff Yan, CEO and co-founder of Hyperliquid, raised concerns about centralized exchanges. He said some CEXs may be underreporting the magnitude of user liquidations.
Yan explained that on Binance, even if thousands of liquidation orders occur in the same second, only one gets reported. He said this could result in 100x under-reporting under certain conditions.
Market maker Wintermute transferred approximately $700 million worth of Bitcoin to Binance. The transfer happened just hours before the market crash, according to crypto analyst Merlijn The Trader.
BNB Chain recorded 26 million transactions in a single day. The network also secured the top rank in DEX trading volume.
The network upgrade in May reduced block times to 0.75 seconds. Transaction fees dropped to 0.05 Gwei, attracting more users and developers to the ecosystem.
BNB surpassed XRP in market capitalization. The token has rallied almost 17% in one week and 50% in just one month.
Former Binance CEO Changpeng “CZ” Zhao has supported ecosystem projects through social media. His posts drove capital rotation to projects like Aster, PancakeSwap, and meme coin launchpad FourMeme.
YZi Labs announced a $1 billion founder fund. The fund will support ecosystem growth on BNB Chain.
On-chain data from Nansen shows the network leads with $675.9 billion in DEX volume. This represents a 1,309% increase over the last seven days.
Chain activity over the past 7 days:
– @BNBCHAIN leads with $675.9B in DEX volume
– @solana showing resilience with $86.8B
– @ethereum holding steady at $14.2BNotable movers: @Optimism, @arbitrum, @base pic.twitter.com/t4h4jlDmQS
— Nansen 🧭 (@nansen_ai) October 10, 2025
The network has 10.8 million active users. Smart traders contributed $395,000 in net flow to the ecosystem.
Analyst EGRAG Crypto noted that BNB and gold are moving in correlation. BNB fell below a key trendline in May after dropping from $691.
#GOLD vs #BNB and #XRP vs #BNB
I'm not really into #BNB, but take a look at how the movements of #BNB and #GOLD are surprisingly similar in formation! 📈✨
It seems like #BNB could still have a parabolic move towards the $2K region. Just to be clear, I'm not buying or trading… pic.twitter.com/qiwoWghRfM
— EGRAG CRYPTO (@egragcrypto) October 9, 2025
The token finally surpassed $700 in February after four years below the trendline. EGRAG predicted BNB could reach $2,000 by following gold’s price path.
Analyst Livercoin said BNB season is in full force. The chart shows loads of swing highs above current levels.
At the time of reporting, BNB was trading near $1,270. The price dropped more than 5% with a 24-hour low of $1,228 and high of $1,289. Trading volume fell by 20% in the past 24 hours.
The post BNB Price: Token Soars to All-Time High While Critics Blast Exchange Performance During Crash appeared first on CoinCentral.
