BNB Becomes Third-Largest Altcoin After Hitting $1,079 Milestone

BNB price jumped 3% in the last 24 hours, climbing to $1,035 on a 14% plunge in the daily trading volume to $3.95 billion

BNB hit a new all-time high of $1,079 before settling at $1,066. Its market cap now exceeds $148 billion, making it the third-largest altcoin after Ethereum and XRP. On-chain data shows a whale deposited $7.4 million into Hyperliquid to open leveraged long positions on BNB and XPL, hinting at strong investor confidence.

BNB Futures Hit Record Highs as Price Surges Past $1,000

BNB futures open interest has jumped to an all-time high of over $2.2 billion, according to Coinglass data. At the same time, BNB’s price has broken past $1,000 for the first time, reaching around $1,066. The sharp rise in open interest shows that more traders are entering the market and investing more money in BNB futures.

This increase signals growing confidence and speculation around the token. Analysts say the rise in both price and open interest points to strong momentum, but they also warn that quick moves like this can bring high volatility. For now, all eyes are on whether BNB can hold above $1,000 or if it will face a pullback.

BNB Price Extends its Parabolic Rally

Binance Coin (BNB) continues its strong upward rally, trading at $1035 as bulls prepare to test the crucial $950 resistance level. The recent price action shows a clear parabolic curve, signaling accelerating bullish momentum and growing demand. If buyers succeed in breaking above this level,

BNB could quickly advance toward the $1,100 psychological mark, which would mark a new milestone for the token.

BNB spent the first quarter of 2025 inside a descending channel, which kept prices under pressure and limited upside moves. That period ended with a consolidation phase around $550–$600, where traders accumulated positions. This base provided the strength needed for the ongoing rally, which has since seen BNB climb steadily, forming higher lows and pushing into new price zones.

BNB’s uptrend remains intact, with buyers strongly defending the $950 support zone. This level is key for short-term pullbacks, while deeper support lies near $750, which has previously acted as a solid demand area.

Momentum indicators back the bullish outlook. The RSI is at 70.51, showing BNB is slightly overbought but still has room to climb. When the RSI stayed above 60 in past rallies, bulls kept control and the uptrend continued.

The next big test is the $1100 resistance. A breakout above this level could attract new buyers and open the way to $1,150. However, if resistance holds, BNB may pull back slightly to retest support before trying again.