BNB-Chain’s native token, BNB, has crossed the $1,000 mark for the first time since its launch in 2017, marking a major milestone for the cryptocurrency. The surge comes on the back of sustained demand, with the token gaining nearly 15% over the past week.

At the time of writing, BNB trades at $1,003. Daily trading volume has climbed above $4 billion—up 22% in the last 24 hours—signaling that the breakout is supported by strong market participation.

BNB’s rally above the $1,000 mark is backed by significant trading activity. The 22% surge in its trading volume signals that capital is flowing into the market, with more participants actively buying the coin.

When a surge in trading volume accompanies an asset’s price rally, it reflects the strong conviction behind the move. High trading volume like this suggests the price increase is not driven by a few speculative trades but by broad market participation. 

This could further push BNB to new price peaks as buyers become increasingly willing to enter the market at higher price levels.

In addition, on-chain data reveals an uptick in user activity on the BNB Chain, a trend that could further boost its native coin’s value in the near term. 

Per Glassnode, the number of unique addresses active on the network—either as senders or receivers—has risen by 10% over the past week. 

A rise in unique active wallets signals growing user activity and adoption, as more participants transact on the chain.

For BNB, this growth adds to the bullish pressure in the market, as rising network demand reflects higher demand for the coin itself. 

This indicates that the rally is driven by organic demand and could continue in the near term.

BNB’s milestone rally has also drawn remarks from former Binance CEO Changpeng Zhao (CZ). He reflected on the token’s journey from its $0.10 ICO price eight years ago to today’s $1,000 peak. 

“Watching BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain. I, not representing any entity or title, as just a community member and a #BNB holder, thank everyone in the BNB and crypto ecosystem for your support. We had our challenges along the way, but we worked hard, we built, and we held. It’s truly a community effort! This is just the beginning. To the next 10000x together,” CZ wrote in a post on X (formerly Twitter).

According to Coinglass, BNB futures open interest has surged 9% in the past 24 hours, climbing alongside its price rally. At press time, it stands at an all-time high of $1.96 billion, reflecting the sharp rise in market participation.

Open interest refers to the total value of derivative contracts (futures or options) that have not yet been settled. When it rises during a price rally, it signals that more traders are entering new positions, increasing the depth and liquidity of the market. 

Therefore, BNB’s record-high open interest suggests traders are betting heavily on continued volatility, with momentum leaning bullish as long as the rally holds.

A sustained demand for BNB could open doors to new price highs in the near term. If buy-side pressure grows, the altcoin could form a strong support floor above the $1,000 price level. Thus, it prevents any significant dip in the short term.

However, rallies like this are usually accompanied by an uptick in profit-taking, often resulting in pullbacks. 

If this plays out, BNB risks plunging to $877.01.

The post BNB Breaks $1,000 for the First Time, Marks New Record High appeared first on BeInCrypto.

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