BNB crossed the $1,000 mark for the first time on Sept. 18, briefly touching $1,007 before retreating to $997, according to CryptoSlate data.
The surge capped a 12% weekly gain and extended the token’s year-to-date rally to more than 42%, making it one of the top-performing large-cap assets of 2025.
BNB is a crypto token founded by Binance, the largest crypto exchange by trading volume. The token plays a central role in the BNB Chain as it is used to pay transaction fees, participate in governance, and also secure the blockchain network through delegated proof-of-stake validation.
Binance co-founder and former CEO Changpeng Zhao reflected on the milestone, noting the journey from BNB’s $0.10 initial coin offering price in 2017 to today’s four-figure valuation.
“Watching BNB go from $0.10 ICO price eight years ago to today’s $1,000 is something words cannot explain,” Zhao wrote, thanking community members and long-term holders for their support.
He added that the achievement highlighted collective perseverance, saying:
“We had our challenges along the way, but we worked hard, we built, and we held. It’s truly a community effort.”
Meanwhile, BNB’s ascent has rewarded early adopters handsomely.
Blockchain analytics firm Lookonchain highlighted the example of a wallet identified as “Diamond Hand 0x8503” that acquired 999 BNB for less than $1,000 about eight years ago. That stake is worth roughly $1 million at today’s prices, translating into a return of 1,000x.
What drove BNB’s price?
Market analysts have pointed out that BNB’s all-time high price reflects the broader momentum across digital assets after the Federal Reserve delivered a fresh rate cut.
Historically, lower borrowing costs have fueled appetite for risk assets, and cryptocurrencies have been no exception.
According to them, BNB’s run exemplifies how easing financial conditions can accelerate demand, pushing prices to record levels.
Beyond macroeconomic factors, regulatory developments surrounding Binance have also shaped sentiment.
Earlier in the week, reports emerged that the exchange was in talks with the US Justice Department about lifting the requirement for an independent compliance monitor, which was imposed under a $4.3 billion settlement in 2023.
At the same time, the crypto token is also attracting significant institutional interest, with several firms adopting it as a treasury reserve asset.
In addition, talks about a potential BNB-focused spot exchange-traded fund (ETF) product are also gaining momentum, with VanEck recently filing for a BNB fund.
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