Binance BNB Token Just Hit $700: Here’s Why Price Is Up?

After five straight months of quiet moves, Binance native token BNB has finally come back to life, crossing the $700 mark. This breakout is turning heads again as whales buy in, supply shrinks, and new upgrades make the network stronger. 

Now, many wonder how high the BNB price can push in 2025?

What’s Pushing BNB Higher?

BNB’s push above $700 didn’t happen overnight, several things have come together to lift BNB. One big reason is Binance’s 32nd quarterly token burn, which destroyed 1.59 million BNB from circulation. This burn alone took out over $1 billion worth of tokens, showing Binance’s steady plan to cut supply down to 100 million BNB over time.

So far, these burns have removed more than 265,000 BNB overall, which helps make the token more scarce and valuable over time. 

At the same time, large investors have been buying more BNB quietly. This steady buying has helped the price stay strong around $670 to $700, giving BNB enough fuel to test new highs.

Faster Network and Active Users

Another reason behind the price jump is the Maxwell network upgrade. With faster block times now just 0.75 seconds the Binance Smart Chain is more efficient than before. This has attracted more developers and boosted PancakeSwap’s trading activity too.

Meanwhile, data shows that active daily addresses on the BNB Chain have doubled since March, reaching around 2.5 million. Average daily transactions have also tripled, proving the network is seeing real use, not just hype.

BNB as Corporate Treasury?

Adding to the excitement is the growing talk of using BNB for corporate treasury reserves. Former Binance CEO Changpeng Zhao tweets that over 30 teams are working on ways to back companies with BNB, with investment firm 10X Capital planning a $500 million U.S.-listed BNB treasury fund. 

• Also Read :

This shows that more people see BNB as more than just a trading token, it could become a serious reserve asset for big companies, too.

What’s Next for BNB Price

Coinpedia price analysis suggests that if BNB holds strong above $677, it could soon test $707 and maybe even $730. If momentum stays strong, some see BNB retesting its all-time high near $793, with bold bets for $1,200 or more by year-end.

As of now, BNB price is trading around $688, reflecting a jump of 2.6% seen in the last 24 hours, with a market cap hitting. 

FAQs