BNB’s 129% Rally Driven by Distribution and Ecosystem Momentum
BNB, the native token of the BNB Chain, has surged 129% over the past year, outperforming both Bitcoin and Ether, though it slipped more than 2.5% in the last 24 hours from a fresh all-time high above $1,300 earlier this week. The token traded within a $62 range from Oct. 9–10 before closing near $1,250, according to CoinDesk Research.
Industry experts attribute the rally to Binance’s scale and reach rather than hype. Jack O’Holleran, CEO of SKALE Labs, told CoinDesk: “Distribution is the key factor driving growth. Binance’s reach is translating directly into adoption, with $14.8 billion in inflows last quarter and BNB Chain activity surging.”
Jasper De Maere, strategist at Wintermute, compared the rally to Solana’s late-2024 surge, noting that gas-fee cuts, RWA incentives, and liquidity programs fueled activity across DeFi, yield, and meme sectors, benefiting tokens such as CAKE, HENA, HONEY, and MANTA.
De Maere described this as the “L1 wealth effect,” where rising token prices generate USD gains that are reinvested within the ecosystem. “Liquidity rotates internally as long as BNB prices hold near highs. Only when outflows accelerate does the loop end,” he said.
For now, the BNB Chain continues to recycle capital internally, echoing Solana’s previous growth trajectory, though signs of exhaustion could appear if funds start leaving the network.
