BNB Smashes All-Time High: $1167 Peak!

On October 3, 2025, Binance Coin (BNB) refreshed its historical maximum (ATH), reaching $1,167.81 according to CoinMarketCap data. The price surged 8.53% in a day, with market capitalization exceeding $158 billion. This cryptocurrency, at the core of the BNB Chain ecosystem, is showing strong growth due to technological upgrades, increased demand, and favorable market conditions.

The rally led to the liquidation of short positions worth $268 million in a single day, which amplified the upward momentum. Activity on the BNB Chain hit records: transaction volumes and daily users grew significantly. Analysts highlight the role of recent updates, such as fee reductions to 0.05 Gwei and improved scalability, which have drawn in more developers and users.

dditional momentum came from institutional buying, including BNB's adoption as the first asset in Kazakhstan's national crypto fund, Alem Crypto Fund. Binance founder Changpeng Zhao (CZ) recently met with Kazakhstan's president to discuss cryptocurrency integration, boosting confidence in BNB's global utility. On social media platforms like X (formerly Twitter), there's lively discussion about BNB's potential amid its ATH and Bitcoin's rise.

By capitalization, BNB has overtaken Spotify and is approaching Pfizer. In "Uptober", a historically positive month, BNB's rise could signal an altcoin upswing, potentially strengthening the ecosystem's position against rivals like Solana. Experts note high volatility and possible market corrections, but the overall sentiment remains upbeat.

What is BNB?

BNB (Binance Coin) is the native cryptocurrency of the BNB Chain ecosystem, launched by Binance in 2017 as an ERC-20 token on Ethereum before migrating to its own blockchain. It's used for paying fees on BNB Chain (with discounts), trading on Binance, and participating in dApps across finance, gaming, and NFTs. It operates on a proof-of-stake authority model for efficiency and low costs, supporting staking, governance, and cross-chain transfers.

Unlike Bitcoin, BNB undergoes regular token burns by Binance, reducing supply and potentially increasing value. The total supply is 200 million, but burns have cut the circulating amount; it's a key token in one of the largest networks by transaction volume.

What Triggered the Growth?

The growth stems from several factors

Network updates and rising activity: BNB Chain improvements, including lower fees and better scalability, led to record transactions and users, boosting organic demand.

Institutional purchases

Treasuries and institutions, including its adoption as a reserve in Kazakhstan, spurred capital inflows. Analysts point to interest from emerging markets.

Market sentiment and liquidations

The $268 million short position liquidation created a buying cycle. Positive vibes around CZ's activities and ecosystem growth amplified this.

Broader crypto rally

Bitcoin's ATH around $124,000 created a spillover effect for altcoins, signaling a positive season.

Ecosystem milestones

New stablecoin integrations, partnerships (like with Sui), and listings of projects such as Morpho on Binance expanded utility, attracting capital.

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