The exchange token BNB set a new all-time high of $962.
On September 17, the exchange-traded token BNB set a new all-time high of $962. This pushed its market capitalization above $132 billion, reclaiming the fifth-largest cryptocurrency by market capitalization, surpassing Solana.
Trading activity also increased by 65.6% compared to the previous day, reaching $2.17 billion. Derivatives markets saw even stronger growth. According to CoinGlass, volume increased by 89.27% to $2.29 billion, while open interest increased by 8.26%, indicating increased leverage and stronger positions among traders.
BNB's growth accelerated following reports that Binance was close to reaching a settlement with the US Department of Justice. The end of the protracted investigation eased investor concerns about legal risks. Rumors of founder Changpeng Zhao's possible return further fueled interest.
On September 10, Binance also announced a partnership with asset manager Franklin Templeton to expand tokenized real-world asset markets via the BNB Chain blockchain. Meanwhile, blockchain activity is growing. Currently, BNB Chain sees between 10 and 14 million transactions per day, and the number of daily active addresses has nearly doubled since April 2025.
All this has prompted crypto experts to actively speculate on BNB's future. For example, analyst Saint Pump wrote that BNB is "the most promising large-cap coin" and predicted a potential rise to $1,000. He cited growing open interest and declining funding rates as factors contributing to this price increase.
On the daily chart, BNB remains at the top of the Bollinger Band and is holding above the $920 support level. The Relative Strength Index, currently near 70, indicates strong momentum and an approaching overbought situation. The uptrend is confirmed by buy signals from the 10-day EMA at $920 and the 200-day SMA at $693.
Momentum indicators also show a mixed picture. The MACD is in buy territory, although oscillators such as the Commodity Channel Index point to a short-term decline.
If the bullish momentum continues, resistance will be near $1,000, a psychologically important milestone and potential profit-taking level. If rejected, the token could retest $920 and then $880 as short-term support levels.