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>>BNB is trading near $1,300, and its price could continue to rise due to increasing activity on the Binance blockchain, token burns, and new collaborations with institutional investors.

BNB is trading near $1,300, and its price could continue to rise due to increasing activity on the Binance blockchain, token burns, and new collaborations with institutional investors.

crypthub

about 21 hours ago

BNB's Price Surge

BNB has reached $1,300, marking strong performance driven by a combination of factors. These include rising liquidity on Binance, consistent token burns, and expanding institutional partnerships that are increasing demand and decreasing supply. The movement signifies a robust market strength and signifies a key phase of Binance’s growth.

On-Chain Activity and Supply Reduction

On-chain metrics demonstrate sustained buyer dominance and increased taker CVDs since late September. Binance’s concentrated stablecoin reserves, nearing 70%, support larger market orders. Quarterly token burns have removed approximately 2 million BNB, creating scarcity and reinforcing price support.

Institutional Impact and Future Growth

New institutional partnerships and a $1 billion ecosystem fund are expanding the real-world applications of BNB. This includes tokenized securities and enhanced developer support, contributing to long-term utility and further growth for the platform. These moves strengthen BNB’s position in tokenized finance.