Binance Coin (BNB) climbed to a fresh record on Monday, hitting $1,370 after briefly topping $1,355. According to reports, the move came even as the wider crypto market took a heavy blow — a nearly $20 billion wipeout tied to leveraged positions — leaving many tokens under pressure while BNB pushed onward. The token also stood out in the top 20 by market cap by closing the week with a 10% gain. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out BNB Inks New Highs Traders watching price charts pointed to a string of strong moves. After a rally to $860 in July, BNB fell about 14% to $728 and then resumed its rise. It later reached $1,075 before pulling back to $930, and it rode that momentum into the early October peak. During the market-wide sell-off that followed, BNB dipped back toward $855 but then recovered and surged to the current all-time high of $1,375, before easing to around $1,272 in the latest swings. Based on reports, the token has shown repeated cycles of sharp advances followed by manageable declines — a pattern some traders read as an ongoing bull run. #BNB swallowed that dump & made a new ATH binance super cycle. pic.twitter.com/8sihgznGky — Big Wiz 🧸📈💰 (@WisdomMatic) October 13, 2025 Traders Spot Parabolic Upswing A number of market voices have described the most recent pattern as parabolic. One prominent trader, posting under the name Big Wiz, said BNB “swallowed” last week’s crash and then went on to print new highs. Charts shared by analysts show steep curves and quick pullbacks, which have been met with buying rather than long-lasting sell pressure. This type of action has led to talk of a “Binance supercycle,” though that phrase is speculative and remains unproven. Some market participants say the rally reflects genuine demand for the token. Others worry that concentrated buying or internal factors could be inflating prices. Speculation And Skepticism Remain Reports have disclosed that not everyone agrees on the cause of the rally. Some investors point to active product launches and community interest on BNB Chain as drivers. Related Reading: Bitcoin Whale Breaks 13-Year Silence, Moves $33 Million To Exchange Others say promotion and market attention could be pushing prices higher without a broad base of support. The claim that BNB is the only top 20 asset to end the week in the green with an 10% rise is a clear data point, but it does not explain the full story behind trader behavior. fudders even try to make this sound like a bad thing? 😂🤷♂️ Please post more of this about #BNB. 🙏 https://t.co/hOUy6ll4BS — CZ 🔶 BNB (@cz_binance) October 12, 2025 CZ Sees Strength In BNB Changpeng Zhao, the founder and former CEO of Binance, has commented publicly about BNB’s performance. He has argued that the token’s design, its community, and deflationary aspects support price action. He also suggested that the chatter and fear around BNB have sometimes led to more buying. Featured image from Getty Images, chart from TradingView
