Binance Coin (BNB) – A concise overview

What is BNB?

BNB was launched in 2017 by the exchange Binance as a utility token. It has several functions: fee discounts on Binance, powering the BNB Chain (formerly Binance Smart Chain), and a deflationary token model (regular burns reduce supply).

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Cryptology and Data Security

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The Ups and Downs

The Ups

In its early days, BNB went from roughly $0.50 (Nov 2017) to $25 + in just a few weeks—an explosive start for the token.

BeInCrypto

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In the 2020-21 “crypto boom”, BNB climbed from around $37 in early 2020 to about $342 by February 2021, then peaked near $686 in May 2021.

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More recently (2023-2025), BNB has again gained strength. At one point its all-time high reached about $1,369.

CoinCheckup

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Utility and ecosystem growth: With increased uses for BNB (on chain, for discounts, for the BNB Chain ecosystem) its underlying value proposition strengthened.

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The Downs

After the early run in 2017, BNB fell by about 84% over ~329 days until December 2018, reaching lows near $4.12.

BeInCrypto

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A similar pattern occurred after the June 2019 peak (~$39.59)—again BNB dropped roughly 84% over ~265 days.

Cryptonews

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In 2022, during the broader “crypto winter”, BNB slipped from its 2021 highs to lows around $199

Even in recent times, short-term dips happen: e.g., around September 2025, BNB saw notable downward moves (~10%) amid wider market sell-offs.

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Key Dynamics to Watch

Token burns & supply reduction: BNB has a built-in mechanism that reduces supply (burns) to create scarcity and support value.

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Ecosystem & utility growth: The value of BNB ties closely to how much the BNB Chain and Binance ecosystem are used. If usage drops, value could suffer.

Regulation & exchange risk: Because BNB is deeply linked to Binance, any regulatory or operational issues with the exchange can impact BNB’s price.

Market cycles: Like many cryptocurrencies, BNB tends to follow broader crypto market cycles—sharp rises in bull phases, significant drops in bear phases.$ETH