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BNB Jumps to Record High Near $1,370 as Momentum Rebuilds

Binance has offered $283 million in relief after users reported crash-time glitches.

Overview

  • BNB rose more than 16% to trade above $1,350, with traders eyeing $1,450–$1,500 as the next major test after clearing recent resistance.
  • CoinCentral reported the token set a new all-time high of $1,370 on Monday following a weekend that saw about $19 billion in forced liquidations across exchanges.
  • Derivatives metrics from CoinGlass showed renewed risk-taking, with daily trading volume up 55% to $10.7 billion and open interest up 25%.
  • CZ said the advance reflects organic demand and stated that BNB has no market makers, echoing confidence in the token’s deflationary burn model and ecosystem activity.
  • Binance disputed claims that platform issues drove the crash and said it would compensate affected users, as on-chain data showed BNB Chain handling 26 million daily transactions and leading DEX volumes.