BNB Hits New All-Time High $1108 – Key Reason Behind The Jump

Binance’s native token, $BNB, has dominated crypto headlines this week, as $BNB surged past $1,108 for the first time in history. The token, which powers the world’s largest exchange by trading volume, is now trading around $1,097.

This milestone marks a significant rally for $BNB, propelled by growing network activity and technical factors that are fueling strong market momentum.

Growing $BNB Smart Chain Ecosystem

One of the biggest reasons behind $BNB’s price jump is the robust growth in the $BNB Smart Chain (BSC) ecosystem. In the past month, BSC processed over 403 million transactions, up 58%, making it one of the busiest blockchains worldwide.

The network now has over 37 million active addresses, while fees doubled to $21 million, showing rising user activity.

However, ​On-chain data reveal that Stablecoins on $BNB Chain also reached a record $14 billion, boosting $BNB’s role as the network’s main fuel. On top of that, trading activity on $BNB-based decentralized exchanges (DEXs) crossed $90 billion in September, with $3.38 billion handled in just one day.

Heavy Liquidations Follow $BNB’s Surge

But the jump came with heavy losses for traders. Coinglass data shows nearly $400 million was liquidated in the past 24 hours, with $268 million from shorts betting against $BNB and $127 million from longs caught by the volatility.

$BNB Technical Breakout Eyeing $1480

$BNB has turned major resistance levels into support, including the 50-week and 100-week EMAs, adding strength to its bullish trend. The RSI sits at 64.68, showing the token is not yet overbought and still has room to climb.

Currently holding above $1,000, $BNB is targeting $1,130–$1,480 based on Fibonacci levels and bullish chart patterns.

Experts believe the price could reach $1,480 in the coming weeks, a 38% jump from current levels, as long as it maintains key support around $1,050–$1,033 to avoid slipping back toward $1,000.