At a glance
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Intraday high: ~$905 (Sept 10, 2025)
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Spot range: ~$874–$905 today
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Key levels: $900 (pivot), $880 and $850 (supports)
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Context: New cycle high surpassed late-August peak around $900
Binance’s exchange token BNB notched a new all-time high above $900 on Wednesday, printing an intraday top near $905 before easing slightly. Price action shows buyers defending the mid-$800s as the token reclaims the $900 round number with conviction.
The move sets a higher high over last month’s record area. As noted on Sept. 1, BNB’s prior peak sat “around $900 late last month,” making today’s push a clean breakout to a new record. That confirms the token’s leadership among large-cap altcoins in the current cycle.
Live market data from CoinMarketCap show BNB among the top-five assets by value. Real-time quotes and circulating supply help frame today’s rally, with market cap hovering in the low-$120 billions at current prices. Traders tracking depth and turnover can reference CMC’s book and volume dashboards for confirmation.
Why is BNB on the move
BNB’s token economics remain a tailwind. The BNB Auto-Burn and BEP-95 fee-burn mechanics continuously remove supply based on price and on-chain activity, giving rallies a structural bid when usage is firm. Binance Academy documents how the quarterly auto-burn scales with price and blocks produced on BNB Chain.
On the network side, activity on BNB Chain has been trending higher this quarter. BscScan’s public charts show steady growth in daily active addresses through late August, aligning with rising DEX volumes and steady gas conditions, signals that often support token strength during breakouts.
Institutional context also helps sentiment. Mid-year, Investopedia reported a Hong Kong chipmaker’s plan to acquire $1B of BNB via notes, a headline that, while not directly tied to today’s print, illustrates growing corporate-treasury interest in exchange tokens this cycle. Such flows can thin exchange balances and tighten supply on the margin.
Levels to watch
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$900 is now the pivot. Holding above turns resistance into support and keeps $950–$1,000 on the table.
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$880 / $850 are near-term cushions from today’s range and recent consolidation bands shown in live pricing. A loss of $850 would hand momentum back to sellers and invite a deeper pullback toward prior congestion.
What could extend or stall the run
Sustained on-chain activity (addresses, transactions) and continued burns would keep supply-demand favorable. Conversely, lighter usage or a broader risk-off move could pressure the $900 reclaim.
Keep an eye on BNB Chain participation via BscScan, and on burn disclosures on Binance channels for quarter-end updates.
