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BNB reaches a fresh all-time high
Binance Coin (BNB) climbed to a new record high of $929 after posting a 3% gain on the day and roughly 8% across the week. The rally gained further momentum after Binance founder Changpeng “CZ” Zhao publicly encouraged banks to adopt BNB, stoking optimism about broader institutional interest in the exchange token.
Market snapshot and analyst outlook
BNB has traded in a seven-day range between $857.01 and $929, demonstrating steady upward momentum. Several analysts now see additional upside: one market commentator set a bullish target near $1,300 — roughly 40% above the recent high — suggesting the token may be entering the early stages of a larger breakout.
Why BNB is outperforming peers
BNB’s outperformance comes amid a diverging crypto market. Over the past 30 days, Bitcoin has softened by about 6% while BNB has advanced roughly 10%, producing a modest negative correlation between the two assets. Two structural drivers are underpinning BNB’s momentum.
Stablecoin inflows and token burns fuel momentum
First, stablecoin liquidity on Binance has risen — moving from about $32 billion in August to roughly $38 billion more recently. That increase in idle stablecoin reserves often rotates into major tokens during periods of market volatility, supporting price action for prominent exchange tokens like BNB.
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Second, BNB’s supply is regularly reduced through quarterly automated burns. These scheduled burns lower circulating supply while the exchange’s reserves have been growing, creating favorable supply-demand dynamics heading into the final quarter. Together, higher stablecoin inflows and systematic supply reduction offer a solid technical backdrop for BNB bulls.
Institutional adoption could be a longer-term catalyst
CZ’s public invitation to help banks integrate BNB adds an institutional narrative to the technical drivers. Active outreach to traditional financial firms could accelerate real-world use cases for Binance Coin, deepen liquidity, and attract long-term capital — all of which would strengthen BNB’s case as a strategic crypto asset tied to both exchange utility and broader finance integration.
Market-cap milestone and what’s next
BNB’s market capitalization has now overtaken that of UBS, positioning the token above one of the world’s largest private banks in market-value terms. While short-term price action will remain sensitive to broader crypto trends, the combination of rising stablecoin liquidity, recurring token burns, and potential institutional partnerships give analysts reason to project further gains toward the $1,300 zone.
For traders and investors, key metrics to watch include ongoing stablecoin inflows to Binance, the schedule of upcoming BNB burns, and any formal announcements of bank integrations or institutional partnerships involving the token.
Source: crypto
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