TLDR
- BNB price reached $1,326 and passed XRP to rank third by market cap at $182 billion
- Token gained 30% in one week compared to Bitcoin’s 5% increase during same period
- CEA Industries expanded holdings to 480,000 BNB worth $585 million with more purchases planned
- BNB Chain shows 60 million monthly active users and launched government fund in Kazakhstan
- Previous reports indicate CZ may hold 64% of circulating supply worth approximately $116 billion
Binance Coin climbed past the $1,300 mark this week. The token currently trades at $1,326 after rising 30% over the past seven days.
BNB now holds the third-largest cryptocurrency position by market capitalization. Its market cap stands at $182 billion, pushing XRP to fourth place.
The price movement began Friday when BNB crossed $1,100 for the first time. By Tuesday, it had overtaken XRP’s total market value.
BNB serves as the native cryptocurrency for BNB Chain. Binance created this layer-1 blockchain platform.
The token’s market cap increased by $40 billion in one week. This growth rate exceeds other major cryptocurrencies by a wide margin.
Bitcoin’s market cap rose approximately 5% since October 1. Ethereum recorded an 8.4% gain with a market cap of $568 billion.
The overall crypto market cap grew just 5.5% since early October. BNB’s 28% weekly increase stands well above the market average.
Corporate Investment Strategy Takes Shape
CEA Industries disclosed it now owns 480,000 BNB tokens. The position equals roughly $585.5 million at current market prices.
The company spent $412.8 million total with an average entry price of $860 per token. CEA Industries lists on Nasdaq as BNC.
Company executives plan to acquire 1% of BNB’s total supply before year end. CEA also maintains $77.5 million in cash and additional assets.
CEO David Namdar described the token as central to an integrated ecosystem. He stated the price increase confirms expanding real-world utility.
The investment approach mirrors other crypto-focused public companies. Strategy Inc focuses on Bitcoin while BitMine Technologies concentrates on Ethereum.
Network Growth and Market Response
BNB Chain recorded 60 million monthly active addresses. Kazakhstan established a government-backed BNB fund as regional adoption expands.
Binance formed a partnership with Franklin Templeton recently. This announcement preceded the latest price surge.
Founder Changpeng “CZ” Zhao posted on social media about building on BNB Chain. He wrote he “didn’t expect this at all” regarding the price movement.
Crypto analyst Ali described the achievement as major. He highlighted the 31.6% seven-day gain and the move past XRP in rankings.
Reports from June 2024 suggested CZ owned 64% of BNB’s circulating supply. At today’s $182 billion market cap, this represents about $116 billion in holdings.
Earlier this year, BNB needed over two months to add similar market cap value. The token held around $100 billion in mid-July, matching its early 2025 level.
Recent Price Performance
Monday trading data from TradingView showed BNB around $1,294. This marked a 122% increase over six months and 25% weekly gain.
The token first broke $1,100 on Friday. Within four days it reached $1,300 and claimed the third market cap position.
BNB added substantial value while Bitcoin and Ethereum posted modest gains. The total crypto market grew at a fraction of BNB’s pace.
CEA Industries continues purchasing tokens as part of its long-term strategy. The company may explore staking options in the future.
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