Binance announced that BNB has reached the $1,000 milestone, marking a roughly 999,900% increase from its 2017 Initial Coin Offering (ICO) price of $0.10. The announcement was made on X.
BNB's breakthrough past $1,000 represents a historic return since its ICO in 2017 when the token was priced at $0.10. According to CMC Crypto News, BNB briefly traded at around $1,005 before pulling back, underscoring the dramatic growth since launch. This milestone also reflects accelerating investor interest amid macroeconomic tailwinds, such as favorable rate adjustments and improving sentiment in the crypto sector.
The utility of BNB has expanded significantly in the Binance ecosystem and beyond. According to Binance’s own publications, BNB can be staked to support network validators on Binance Smart Chain (BSC), participate in governance decisions, and is used for transaction fees on Binance platforms and the BNB Chain. Moreover, holders of BNB can access token sales via the Binance Launchpad and enjoy discounts on trading fees, making it a versatile asset rather than simply a speculative token.
The recent surge past $1,000 is additionally backed by rising institutional demand and increased on-chain activity. TradingView / NewsBTC reports that BNB’s climb was accompanied by substantial trading volume increases, stronger wallet activity, and growing interest from institutions seeking exposure to crypto assets with established ecosystems. These factors suggest that this price move is supported by both macroeconomic forces and "real demand," not just speculative momentum.
Binance is a leading global crypto infrastructure company and token issuer founded by Changpeng Zhao (CZ). BNB, its native token, plays multiple major roles across its platforms: it powers Binance’s trading fee discounts, fuels the BNB Chain network via gas fees, supports staking and governance, and is used in Binance’s ecosystem of Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and token launches. According to Binance’s official materials, the company aims to provide tools and ecosystem development to support widespread blockchain adoption, with BNB at the core of many of these uses.