BNB surged to a fresh record this week, briefly touching the $900 mark in intraday trading as momentum in exchange tokens accelerated into late August. Live price data showed today’s high reached about $899.92 before easing slightly, leaving BNB close to crossing into four-digit territory.
A Week of Consecutive Highs
The rally capped a strong week of gains. On August 21, BNB climbed to new peaks between $875 and $881, with market trackers including CoinGecko reporting an all-time high near $881 as the token’s market cap crossed $120 billion. That breakout set the stage for Friday’s push toward $900.
CoinDesk noted earlier in the week that strong corporate treasury allocations and broader altcoin strength fueled BNB’s rise into the mid-$800s. By late Friday (Asia time), Cointelegraph’s live dashboard showed a 24-hour high above $901, confirming BNB’s first-ever test of the $900 zone.
What’s Driving the Rally?
Several key factors have supported the surge:
- Corporate and institutional demand: CoinDesk reported that corporate treasuries are increasingly allocating funds to BNB, helping sustain buying pressure.
- BNB Chain activity and token economics: On-chain growth and recurring token burns continue to reduce supply as liquidity rotates back into large-cap altcoins.
Breaking and holding above $900 would push BNB back into price discovery mode with $1,000 as the next psychological target. Traders are closely watching whether the $860–$880 range, which previously acted as resistance, can flip into support during any pullback.
