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On September 18, 2025, the price of the cryptocurrency BNB exceeded US$1,000, with a market value of approximately US$139.8 billion, surpassing many well-known companies such as BHP Billiton, Pfizer and BYD, and ranking 155th in the global asset market value rankings. BNB was originally issued in 2017 with a price of approximately $0.11. In eight years, it has increased nearly 10,000 times, becoming one of the outstanding assets in the cryptocurrency market. In 2017, Binance publicly issued BNB at a price of $0.1, and then seized international policy opportunities to expand its business to markets such as Japan and gradually move towards internationalization. With the bull market in 2017, BNB exceeded $20 in early 2018, rising more than 200 times from the issue price. In 2019, Binance launched the IEO model to further activate the market. In the same year, Binance Chain and the decentralized trading platform were launched, BNB application scenarios expanded to more than 180, and the number of users exceeded one million. Although BNB fell to $9.75 in March 2020 due to the impact of the COVID-19 epidemic, the price gradually recovered after the market recovered. In the second half of 2020, the DeFi craze took off, and Binance launched the Smart Chain (BSC). The low fees and high performance attracted a large number of developers, driving the price of BNB up, returning to $40 by the end of the year. In 2021, driven by the bull market, ecological prosperity and deflation mechanism, BNB exceeded $650 twice. From 2022 to 2023, affected by multiple factors such as the Federal Reserve's interest rate hikes, regulatory pressure, and industry turmoil, the price of BNB fell back, once falling to about $200. Starting in 2024, market sentiment will turn positive as the United States approves Bitcoin and Ethereum spot ETFs and Trump's election as president releases positive signals for the encryption industry. More and more companies are including BNB in their treasury reserves, further pushing up its price and market value. At the same time, the regulatory environment is showing a easing trend, and news such as Binance founder CZ’s updates and the possible relaxation of regulations by the Ministry of Justice have also enhanced the market’s confidence in BNB. In addition, the wave of applications for BNB pledged ETFs and the listing of crypto companies have also brought more attention and capital inflows to BNB. In eight years, BNB has achieved a leap from a start-up token to a thousand-dollar asset, demonstrating the growth potential and market influence of the leading cryptocurrency. Its future direction is still worthy of attention. |