Binance Coin (BNB) price has set a new all-time high of $1,112.57 after gaining 7.4% in 24 hours.
Its market cap has reached $151.7 billion, moving ahead of streaming giant Spotify, while closing in on Pfizer.
Binance plans a $1.2 billion token burn as BNB Chain activity and low fees drive demand.
Binance Coin Moves Past Spotify
According to reports, Binance Coin has crossed a new milestone in global market rankings.
With a market cap of $151.7 billion, BNB now sits ahead of Spotify, valued at $145.5 billion, and just behind Pfizer, at $153.9 billion.
Binance shared the update on October 3, 2025, noting that the coin is now ranked 120th in the world by market size.
The move followed a sharp price increase that lifted BNB to an all-time high of $1,112.57.
In the past 24 hours, the coin gained 7.4%. Its daily trading volume rose above $4 billion, showing strong participation from traders.
The rise has also been linked to $268 million in short liquidations, which added pressure to the upside as traders closed their positions.
Key activity on the BNB Chain has supported the price. The network’s total value locked has reached $8.16 billion.
Decentralized exchange volume has grown above $3 billion. Lower transaction fees, now at $0.005 following upgrades, have also made the chain more attractive for users.
Binance has confirmed plans for a $1.2 billion token burn. By removing coins from circulation, the exchange aims to keep supply tight, which could support value in the long run.
BNB Price Enters Discovery Phase
The recent surge has placed BNB in price discovery. With no past levels above $1,100, traders now look at fresh targets.
Analysts suggest near-term goals between $1,120 and $1,150. Some BNB price projections are even higher, ranging from $1,500 to $3,000 if momentum continues through the current cycle.
The broader market has also given BNB a lift. Optimism about possible interest rate cuts in the United States has increased demand for risk assets, including cryptocurrencies.
Investors are watching for updates on the approval of spot crypto ETFs. While delays are expected, activity in leading altcoins like XRP, Solana, and Cardano remains strong, helping to support overall market confidence.
BNB’s climb shows how the coin is benefiting from both market forces and internal growth.
Rising network use, steady upgrades, and large-scale burns have created strong conditions for price support.
BNB Chain Expansion, Price & Market Outlook
It is important to mention that BNB Chain continues to play a central role in Binance Coin’s progress.
Notably, the chain has seen new projects, including the launch of decentralized exchange Aster, which has added more liquidity.
Tokenization of real-world assets is also being explored on the network, a sign that broader use cases are beginning to emerge.
Regulation is another factor that may shape BNB’s future. Reports suggest Binance is close to an agreement with the U.S. Department of Justice to end compliance monitoring.
The monitoring followed the company’s $4.3 billion settlement earlier. A final deal would reduce regulatory pressure and may build more trust with investors.
As of now, Binance Coin holds its place above Spotify and looks set to challenge Pfizer’s ranking.
Again, the price remains above $1,100, supported by active trading, strong network use, and the upcoming $1.2 billion burn.
While analysts caution that volatility remains possible, the combination of market demand and BNB Chain growth has placed the coin in a stronger position than before.