A big turnaround was witnessed in the crypto world when the native token of the Binance ecosystem, BNB, skyrocketed to an all-time high of $1,370 on 13th Oct, 2025.
Although the market was brutally crashed and almost $20B was wiped out throughout the weekend, BNB not only survived, but set its own record, which shows its resilience and the power of its underlying blockchain. But what exactly caused this boom? Come, let’s understand.
What propelled BNB to new heights?
The rise of BNB to a record peak of $1,370 on Monday was an awe-inspiring recovery from the turbulence of the weekend, which was performing better than the wider cryptocurrency market that was still suffering the massive liquidations.
The crash was triggered by the announcement of 100% tariffs on China by US President Donald Trump in reaction to the ban on exporting rare earth minerals, which caused Bitcoin to fall to $102K and the altcoins to go down even drastically. However, on Saturday, BNB fell to as low as $1,094, or by 14%, and then rose, making it extremely strong, as investors began to re-trust the stability of the Binance ecosystem.
How did market events impact BNB performance?
The volatility that hit BNB was also largely driven by external pressure, where industry observers blamed market makers such as Wintermute that moved the equivalent of $700 million in Bitcoin to Binance just hours before the dump. This move, combined with liquidation bursts, amplified the chaos, leading to accusations of underreporting by centralized exchanges, including Binance.
The rapid recovery of BNB, though, highlighted the fact that the platform was not related to larger sell-offs, with Binance co-founder Yi He noting that the forced liquidation of the platform was at normal low rates when compared to the trading volume and that the crash was due to the general market circumstances, more so than failures within the platform.
What boosted activity on the BNB Chain?
This price rise was accompanied by the on-chain metrics that had a blowout, with 3.46 million sender-only addresses per day on the BNB Chain that even surpassed the December 2023 all-time high. Analytics showed that successful transactions had grown by 151% in the past 30 days and had reached more than 500 million, which only Solana could beat.
BNB Chain was in the third place with almost 200 million active addresses, almost passing Base in the last year. This increase in users indicates the resurgence of interest in DeFi and other applications on the site.
What did Binance do to support BNB holders?
Binance made the proactive move of conducting a 45-million token airdrop of the BNB token to more than 160,000 eligible memecoin traders who had been impacted by the crash, beginning this week through partners like PancakeSwap and Trust Wallet.
The former CEO, Changpeng Zhao, defended BNB’s strength, mentioning that the members of the ecosystem invested hundreds of millions out of their own money to save the users. This project, coupled with the compensation amounting to $283 million, helped stabilize sentiment around BNB, although the exchange resolved the issues of glitches such as zero displays and thin liquidity.
Conclusion
The mind-boggling climb of BNB to $1,370 during one of the biggest liquidations in the history of crypto is an excellent example of how strong the Binance ecosystem is, and how it can withstand storms.
The market is becoming stable, and this shows that BNB will continue to grow, urging investors to monitor its developments closely in an ever-volatile landscape.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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