Regulators' Move Could Pave the Way for BNB's Historic Surge

BNB, the native token of the BNB Chain, reached an all-time high of $955.36 on Sept. 17, 2025, before retreating slightly to $953.31. This surge came amid ongoing discussions between Binance Holdings Ltd. and the U.S. Department of Justice (DOJ) regarding the potential removal of a key condition from the exchange’s $4.3 billion settlement in 2023. Analysts observed strong technical indicators supporting the rally, including a bullish crossover in the MACD and growing positive momentum. The token’s price action suggested continued upward potential, especially if the DOJ moves to terminate Binance’s requirement to maintain an independent compliance monitor.

The price spike followed months of steady growth, with BNB trading at $707 on Jan. 1, 2025, and climbing to $915.85 by Sept. 15, 2025. Throughout the year, BNB demonstrated a strong technical foundation, with its price consistently trading above major moving averages. The token’s 52-week high reached $933.68, and the RSI remained in neutral territory, indicating that the rally could continue without overbought conditions.

BNB’s performance was also driven by its utility and ecosystem expansion. The token’s regular burn mechanism, which aims to reduce the circulating supply from 144 million to 100 million, has been a key factor in creating scarcity and boosting staking rewards. In Q1 2025, Binance executed token burns worth $1.01 billion and planned additional burns totaling $1.089 billion. This strategy has led to a drop in staking yields from 12% in November 2024 to 2.3% in early 2025, reflecting increased demand for the token.

The BNB Chain also showed strong fundamentals, with over 905,640 active addresses and $5.5 billion in total value locked (TVL) as of early 2025. The decentralized exchange (DEX) protocols on the network handled $13.42 billion in transactions over the preceding week, reaching a cumulative volume of $1.16 trillion since inception. These metrics highlight the token’s growing adoption in DeFi and real-world use cases such as AI and tokenized assets.

Institutional interest further fueled BNB’s rally. In July 2025, the token surged to $827 after $610 million in investments from Windtree Capital and Nano Labs. This influx underscored growing confidence in Binance’s ecosystem and the token’s utility in governance, staking, and transaction fees. Analysts attributed the momentum to favorable macroeconomic conditions, regulatory clarity, and BNB Chain’s expanding dApp ecosystem.

Despite the bullish trajectory, the market remains cautious about short-term volatility. Technical analysts identified a critical support level around $800 and projected a potential price range of $880–$900 if BNB maintains above that threshold. On the other hand, a drop to $780 could trigger profit-taking, as seen in late July when the token briefly retracted to $819.49. These dynamics suggest that BNB’s price will continue to be influenced by macroeconomic factors, institutional activity, and regulatory developments.

As the DOJ weighs the removal of Binance’s compliance monitor, the crypto community is also watching closely for potential pardons for Changpeng Zhao, Binance’s founder. On Polymarket, CZ currently has a 58% chance of receiving a presidential pardon. Such a move could further stabilize the exchange’s operations and indirectly support BNB’s price by reinforcing investor confidence.

Overall, BNB’s record-breaking milestone highlights the growing relevance of utility-driven tokens in the crypto market. With its expanding use cases, ecosystem upgrades, and institutional adoption, the token continues to challenge traditional financial structures, signaling a broader shift in how value is created and recognized in the digital economy.