BNB BNB

What BNB actually is on-chain

For BNB the project publishes a whitepaper, a public source repository and an active account as @binance. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where BNB sits in the market

BNB is ranked #4 by market capitalisation, in the upper half of the top ten. At that size the binding constraints are not liquidity but custody, index membership and regulated venue access — books are deep enough that a retail-sized order almost never moves the printed quote, and the spread between two major venues is usually a few basis points. The trade-off is correlation: BNB is close to the market benchmark itself, so it responds to funding conditions and to flows into the asset class more than to project-level news.

CryptoPingAi is currently streaming 7 live BNB order books (Binance, Bybit, OKX, Gate.io, MEXC, HTX…). That is coverage in line with a #4 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

BNB against its all-time high

BNB is 48.9% below its $1,370 peak (on 2025-10-13), roughly a halving of value from the high. 1.96x is needed to get back, and the band between here and there is thick with supply bought during the run-up. Rallies into that zone tend to meet holders getting back to break-even rather than buyers initiating, which is why the first push toward the high usually fails before the second one. That high was set about a year ago, recently enough that it still anchors how most current holders frame the asset.

BNB across its historical range

The full recorded range for BNB spans 34,407x — from $0.0398 at the low to $1,370 at the high. A range that wide is not volatility in the ordinary sense; it is the signature of an asset that repriced from a near-zero base, and percentage-based indicators behave very differently across it.

Spot is roughly 17,571x above the $0.0398 low (on 2017-10-19). The practical consequence is a cost-basis distribution skewed by orders of magnitude: a slice of the supply was acquired at a price that rounds to zero against today's, and that supply is price-insensitive on the way up. Rallies in an asset like this do not fail because demand disappears — they fail because early supply meets them.

BNB supply structure

BNB is capped at 200.0 million BNB, of which only 134.8 million is circulating — 67.4% issued, leaving 65.2 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset BNB is

BNB is an exchange-issued token, which makes it a leveraged bet on one company. Its value tends to track that venue's trading volume, its fee-discount and burn mechanics, and — critically — its regulatory standing. Concentration is the defining feature: a single enforcement action against the issuing exchange affects this asset in a way that no market-wide analysis will predict.

CoinGecko files BNB under 10 categories, including Exchange-based Tokens, BNB Chain Ecosystem, Centralized Exchange (CEX) Token, Layer 1 (L1), Ethereum Ecosystem. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: BNB has been named in SEC enforcement filings as an alleged security, and was held on FTX's balance sheet and remains part of the estate's distribution.

How to set a BNB alert that is worth receiving

BNB (BNB) — quoted on 7 venues we stream — high dated 2025-10-13 — rank #4. On this profile the condition that carries signal is round-number price thresholds plus daily-candle RSI extremes.

Full alert-design method: thresholds, RSI/MACD and volume conditions →