Binance Coin (BNB) extended its hot streak, trading above $1,310 (up 3% on the day and 30% on the week), as it flipped XRP to become the third-largest cryptocurrency by market value. BNB’s market cap now hovers near $182–185 billion, capping a seven-day run that outpaced Bitcoin and Ethereum.
The surge followed a clean breakout above $1,100 and $1,200, with bulls now eyeing $1,360 and the psychological $1,500 handle if momentum holds. On the downside, $1,200–$1,240 is the first support zone traders are watching for a healthy retest.
Currently, BNB Chain is printing cycle-high activity. Daily transactions have ranged 10–17 million, monthly active addresses reportedly hit 60 million, and DEX turnover on BNB Chain just notched $6.05 billion in 24 hours (with PancakeSwap contributing $4.29B).
CZ-themed tickers like “4” and “Broccoli” helped propel BNB to the top of DEXScreener’s trending lists, while tokens such as PALU and “Binance Life” collectively moved over $300 million in a single session, eclipsing meme volumes on rival chains.
Institutional and enterprise signals are building too, with CEA Industries disclosing 480,000 BNB ($585M) with an aim to reach 1% of supply.
Near term, the setup favors trend continuation while $1,200–$1,240 holds; reclaiming $1,320–$1,360 on rising spot volume would strengthen a run at $1,500. Key medium-term drivers include sustained on-chain throughput, sticky DEX/DeFi fees, and additional institutional balance-sheet exposure or partnerships.
Still, after a parabolic week, the market is sensitive to profit-taking and social-driven froth; some community voices have questioned the pace of gains, raising the usual concerns around leverage and manipulation that typically surface during vertical moves.
Cover image from ChatGPT, BNBUSD chart from Tradingview
