BNB Hits $1,000 for the First Time

BNB, the native token of the Binance ecosystem, surged to $1,000 for the first time ever on Wednesday, briefly crossing the milestone before settling just below it.

What’s the Scoop?

• A New All-Time High: BNB reached a record high of $1,000, capping off an extended climb that began earlier this summer.
• Outperforming the Market: BNB outpaced most major tokens following the Fed’s rate cut. While Bitcoin hovered near $117,300 and Ethereum reached $4,600, BNB posted a 4.67% intraday gain—one of the strongest among top assets.
• CZ Reflects on BNB’s Journey: Changpeng Zhao, Binance’s co-founder and former CEO, marked the occasion with a post on X. “Watching #BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain,” he wrote, thanking the community for its support over the years. “We worked hard, we built, and we held.”

Bankless Take:

The BNB ecosystem is relishing in new all-time high prices at the same time as new YZi Labs-backed DeFi experimentations receive token listings. BNB has been one of the largest beneficiaries of crypto token momentum in recent weeks.