BNB, the native token of the BNB Chain, reached a new all-time high this week, crossing above $880 on August 20, 2025, according to CoinGecko data.
Author: Sahil Thakur
Published On: Thu, 21 Aug 2025 02:52:44 GMT
BNB, the native token of the BNB Chain, reached a new all-time high this week, crossing above $880 on August 20, 2025, according to CoinGecko data. The milestone pushed BNBâs market capitalization to roughly $121.7 billion, securing its position as the fifth-largest cryptocurrency.
The latest rally was fueled in part by institutional inflows. On August 18, BNB Network Company (Nasdaq: BNC) disclosed a purchase of 325,000 BNB worth $283 million, following Windtree Therapeuticsâ $60 million allocation earlier this summer. These moves have made BNC the largest corporate treasury holder of BNB.
As a result of such accumulation, the percentage of BNB held on exchanges has fallen to 22.6%, down from nearly 28.5% in July, creating tighter supply conditions.
BNB broke through the long-standing resistance at $869 on August 19. Momentum indicators remain broadly bullish, with the MACD widening positively. The tokenâs RSI near 57 suggests moderately overheated conditions, leading analysts to flag short-term correction risks. Immediate resistance is noted at the 127.2% Fibonacci extension of $905.75.
BNBâs rally also coincides with ecosystem expansion. The ongoing #BNBHack hackathon has drawn over 180 submissions in areas like AI and DePIN. Daily transactions on BNB Chain reached 13.95 million on August 19, up 14% week over week. Meanwhile, total value locked (TVL) on BNB Chain rose 20% since July to $12.1 billion.
BNBâs role has evolved significantly since its 2017 launch at $1 as a Binance exchange utility token. Today, it powers BNB Chain DeFi protocols, NFTs, tokenized projects, and payment solutions, with quarterly token burns continuing to support supply reduction.
A chronological journey of BuildâŻâNââŻBuild (BNB)
BNB launched via an Initial Coin Offering (ICO) on Ethereum, raising ~$15M by selling 100M BNB at ~$0.15 each.
Binance exchange launched. BNB began trading at around $0.10 shortly after the ICO concluded.
Binance Chain was launched, and BNB migrated from Ethereum (ERCâ20) to become the native token.
Binance Smart Chain (BSC) went live, adding smart contract functionality to the ecosystem.
BNB was rebranded from âBinance Coinâ to BuildâŻâNââŻBuild. BSC was renamed BNB Chain to reflect the broader vision.
Date | Event |
---|---|
June 26 â July 3, 2017 | ICO on Ethereum ($15M raised) |
July 2017 | BNB public trading began |
April 18, 2019 | Launch of Binance Chain & BNB migration |
September 2020 | Binance Smart Chain launched |
February 2022 | Rebrand to BuildâŻâNââŻBuild & BNB Chain |
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Real voices. Real reactions.
$BNB pumps - early indicator #wegoingup https://t.co/djVt8XcRAl
My eyes are locked on $3000 per $BNB đ When it gets there, holders wonât just be happy, Theyâll be legendary. @cz_binance @binance https://t.co/HVhXAc5JRt
$BNB printing a new ATH, heading to $1,000 đ„ https://t.co/ECN3GnejsH
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