Binance Coin Price (BNB)​​

About the BNB (BNB) Price

BNB is Binance’s native token. Originally launched as a utility token to reduce trading fees on the exchange, it has since evolved into a core part of the Binance ecosystem. In this article, you’ll learn how the BNB price has developed since its ICO in 2017, which factors influence it, and what could shape its future.

Key facts about the BNB price:

• Build’N’Build (BNB), formerly known as Binance Coin, is the native token of the Binance crypto exchange. It runs on its own blockchain, the BNB Chain (previously called Binance Smart Chain or BSC). BNB is used for staking, paying transaction fees, gaining access to new projects, and as a utility token within the Binance ecosystem.
• The BNB price is primarily driven by how intensively the Binance platform is used, the token burn mechanism (which aims to reduce the total supply to 100 million, with around 140 million currently in circulation), regulatory developments, and upgrades to the BNB Smart Chain.
• In the past, BNB’s price was negatively impacted by disputes with the SEC and legal challenges involving Binance’s former CEO, Changpeng Zhao.
• The all-time high of BNB, at around $793, was reached in December 2024. The current price is roughly 24% lower, sitting at around $600.
• Positive price drivers include upgrades to the BNB Chain, strategic decisions by Binance, and strong usage within the Binance ecosystem.

How is the BNB price determined?

Like any cryptocurrency, the BNB price is driven by supply and demand on the trading platforms where it is bought and sold. But beyond simple market dynamics, the tokenomics behind Binance Coin play a key role in shaping the price. One of the most important factors is the quarterly BNB burn: tokens are permanently removed from circulation every quarter, reducing the available supply and helping support the price. Another crucial factor is BNB’s origin. The token was launched through an ICO (Initial Coin Offering) in 2017 with a clearly defined distribution among the team, investors, and users. This transparent distribution is closely tied to the Binance platform structure. BNB’s deep connection to a functioning ecosystem sets it apart from purely speculative projects without a clear use case.

What impact does the BNB token burn have on the price?

The goal of the ongoing BNB token burn is to gradually reduce the circulating supply from an initial 200 million to 100 million. This deflationary mechanism supports the price—especially when demand within the Binance ecosystem rises at the same time. Selected burns and BNB prices over time The amount of tokens burned varies from quarter to quarter. It depends on the BNB price and the total number of blocks generated on the BNB Chain within the three-month period.

What influences the BNB price?

Put simply, the BNB price follows a basic formula: The more the Binance ecosystem is used, the more it influences the price. If usage declines, the price tends to fall. If usage increases, the price tends to rise. Network upgrades also have an impact on the price. For example, in March 2024, the announcement of the BEP-336 upgrade led to a 43% price surge. In summary:

• The more users trade cryptocurrencies on Binance, the higher the trading volume for BNB (formerly Binance Coin)
• The more users participate in Launchpads or are active on the BNB Chain, the higher the demand for the token tends to be
• The more positive the news surrounding Binance, the more positively the price of BNB develops—and the opposite is true as well

This last point highlights it clearly: The BNB price is highly sensitive to external factors, as history has shown. These include legal actions against Binance. For example, in June 2023, a lawsuit from the SEC led to a 12% drop in price within just a few days.

Price history: Key milestones in BNB’s price development (formerly called Binance Coin)

1. April 2025: Current price performanceFollowing its record high of $794 in December 2024, BNB has consolidated in 2025. In April, the price ranged between $542 and $610.
2. 2024: New all-time high driven by a chain upgradeBNB hit a new all-time high of $794 in December 2024. The main driver was the BEP-336 upgrade to the Binance Smart Chain.
3. 2023: Volatility driven by regulatory uncertaintyBNB fluctuated between $203 and $350 in 2023. In June, the SEC lawsuit against Binance triggered a price drop of over 12%.
4. 2022: Decline alongside the broader marketAfter peaking at $689 in May 2021, BNB fell to a low of $199 during the 2022 bear market. In February 2022, Binance Coin was officially renamed to Build’N’Build (BNB).
5. 2021: Explosive growth2021 was BNB’s strongest year to date, with gains of around 1,550%. The price reached a then-record high of $689 in May, driven by the broader crypto boom and growing use of the Binance Smart Chain.
6. 2019–2020: Growth and stabilization before the bull runIn 2019, BNB surged to $39 in June, partly due to the introduction of Launchpad. As in previous years, the price dropped towards year-end, hitting around $14. In 2020, BNB traded within a wide range between $6 and $39.
7. 2017–2018: ICO and early volatilityBNB launched in July 2017 with a total supply of 200 million tokens and an ICO price of $0.10. By December 2017, it had skyrocketed to around $11—a 10,000% increase in just a few months. In 2018, the price peaked at $24 in January but fell to around $6 by December during the crypto bear market.

BNB: Forecast and current developments

With a market cap of around 75 billion euros, BNB remains one of the five largest cryptocurrencies. However, in 2025, like Bitcoin and other altcoins, it has been weighed down by a challenging market environment. Analyst forecasts vary significantly. Some expect BNB to end 2025 around its current level of $600, while others predict strong growth. Ultimately, the BNB price forecast depends heavily on the broader environment, particularly political factors. Trump-era policies are generally considered crypto-friendly, but ongoing trade conflicts continue to weigh on BNB. Long-term, BNB remains a core part of the Binance ecosystem with a wide range of use cases. As long as Binance avoids major negative headlines, the BNB price is likely to follow the overall crypto market trend.