BNB consolidates above $962, $1,000 milestone in sight
BNB is currently consolidating after reaching a level above $962, with expectations for the token to hit the $1,000 mark. Binance Coin benefits from the 2025 altcoin season, marked by a general increase in interest for digital assets within the Binance ecosystem, across both centralized and decentralized platforms.
A contributing factor to BNB’s performance is the potential resolution of Binance’s case with the U.S. Department of Justice, which could eliminate the need for an external monitor. This development may reduce legal uncertainty and support institutional investor adoption.
High open interest, around $1.3 billion, suggests ongoing speculation on the token’s price, generating short-term volatility. Approximately 23% of BNB activity occurs on the Binance exchange, allowing the token to respond quickly to liquidity flows.
The update of co-founder Changpeng ‘CZ’ Zhao’s X profile to include the @binance handle has fueled speculation about a more active role, potentially boosting BNB demand. The token’s future trajectory will depend on a combination of altcoin momentum, liquidity, and institutional and legal factors.