- Binance co-founder Changpeng Zhao has been bull-posting in favor of the BNB ecosystem.
- The notable growth of the BNB Chain amid institutional adoption has favored the coin’s bullish outlook.
- The BNB/BTC bullish breakout signals further upsurge for the BNB/USD pair.
Binance Coin (BNB) cracked the $1,000 line for the first time on Thursday, hitting $1,005 on the Binance spot market before easing to $995 in mid-London trade. The move locked in a 4.2% daily gain and capped a rally that’s taken BNB 10,000x higher since its July 2017 ICO.
Binance co-founder Changpeng Zhao, who has been active again on X, marked the milestone with his usual bull-posting, telling holders “this is just the beginning.”
BNB’s Breakout
BNB’s surge came hours after the Fed delivered its first rate cut of 2025, a 25 bps trim that loosened liquidity across risk markets. While Bitcoin and Ethereum stalled in tight ranges, BNB carried momentum into fresh price discovery, supported by steady accumulation.
The token’s fully diluted valuation now stands near $139 billion, while its circulating supply is locked around 140 million.
Related: Hyperliquid Faces a New Challenger – YZi-Backed Aster (ASTER) Rallies 400%; $0.50 Next
According to crypto analyst Ali Martinez, the BNB price is en route to reach a key milestone of 1,300 in the near future. Based on the Elliott Wave principle, BNB price could rally as much as $3.5k, since it gained around 257% during the first wave and the third wave often gains 1.618 times its predecessor’s move.
How is BNB Chain’s Ecosystem Faring Among its Competitors?
The BNB Chain ecosystem has gained bullish momentum amid CZ’s public endorsements, led by Aster (ASTER). According to market data from DeFiLlama, the BNB chain has gained in all aspects led by the stablecoins market cap, daily transactions, and bridged TVL from other blockchains.
Is Binance Coin Adopted By Institutional Investors?
On the buy-side, institutions have stepped up. Windtree Therapeutics, Nano Labs, and Liminatus Pharma are among firms reported to be building BNB treasury positions. One buyer, BNB Network Company, took down 200,000 coins earlier this summer.
VanEck’s spot BNB ETF filing with the SEC has added another layer of speculation, signaling Wall Street desks are warming up to the token.
Regulation and Global Reach
Binance itself has eased compliance concerns. Reports suggest the U.S. DOJ may end independent monitoring tied to CZ’s 2023 plea deal. Meanwhile, licenses in France, Italy, Mexico, and El Salvador have pushed registered users past 289 million.
With regulatory pressure softening and institutional adoption accelerating, traders now frame the $1,000 breakout as a launchpad; not a top.
Related: BNB Chain Monthly Perp Volume Hits Record High of $33.29B: What’s Driving It?
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
