BNB, the native token of the BNB Chain, has reached a new all-time high (ATH) of nearly $830, surpassing its previous peak of $809.84. This surge is attributed to a combination of factors, including increased network activity on the BNB Chain, interest from companies like WindTree Therapeutics and Nano Labs in holding BNB in their treasuries, and strong community support.
This price rally triggered a wave of liquidations, with nearly $180 million in total positions being wiped out. The majority of these liquidations, over $1.5 million, came from short positions, which are bets on the price of an asset going down. The largest single liquidation order occurred on the Bybit exchange, and in the last 24 hours, over 77,000 traders were affected.
Analysts are optimistic about BNB’s future, with one predicting the price could reach $1,000 by the fourth quarter of this year and potentially $1,800 to $2,000 by the cycle’s peak. The strong market activity behind this rally is confirmed by consistently positive funding rates, a surge in open interest to over $1.3 billion, and daily trading volume spiking above $5 billion—its highest in months.
July 2025, Cryptoniteuae
