$BNB BNB, the native token of the Binance ecosystem, has recently reached a new all-time high, soaring past $800. This surge is attributed to several factors including continued utility within the Binance platform for trading fee discounts, staking, and launchpad access.

Significant token burns by Binance are systematically reducing the circulating supply, creating scarcity. Furthermore, the BNB Smart Chain (BSC) continues to expand, attracting dApp developers and increasing on-chain activity. Institutional interest, including a notable $90 million OTC purchase by Nano Labs, also signals strong confidence. Analysts are now eyeing $900 as the next resistance level, with bullish sentiment prevailing due to overall altcoin market momentum.