Research/Education/Binance Coin BNB/BNB Price History and Cycles: How the Coin Has Traded Since 2017
# BNB

BNB Price History and Cycles: How the Coin Has Traded Since 2017

BloFin Academy09/10/2026
How BNB has traded since 2017, why data providers disagree about its early lows, and what a price record can and cannot tell you.

The extremes, and why sources disagree about them

BNB reached its highest recorded price of $1,369.99 on October 13, 2025, and its lowest of $0.03982 on October 18, 2017 (source: CoinGecko). Those two numbers span roughly five orders of magnitude, which is the single most useful fact about the asset's history.

Check a second source and the numbers change slightly. CoinMarketCap records the high as $1,370.55 on the same day in October 2025, and the low as $0.09611 on August 1, 2017 (source: CoinMarketCap).

SourceAll-time highAll-time low
CoinGecko$1,369.99, October 13, 2025$0.03982, October 18, 2017
CoinMarketCap$1,370.55, October 13, 2025$0.09611, August 1, 2017

The 56-cent gap between the two highs is trivial and easily explained: each provider builds a composite price from a different set of exchanges, weighted differently, so a brief spike captured by one may be smoothed by another.

The lows differ by more than a factor of two, and by six weeks, which is a different kind of disagreement. In August and October 2017 BNB traded on very few venues with very little volume, so what counts as the price at that moment depends heavily on which venues a provider was tracking and how it handled thin trading. Neither number is wrong; they are answers to slightly different questions.

The lesson generalizes well beyond BNB. Compare figures from one source at a time, and treat precise early-history prices as approximate however many decimal places they carry.


The 2017 launch and what came after

BNB's public offering opened on July 1, 2017, priced in three rising phases that worked out at roughly $0.15 per coin (source: Binance Whitepaper). At that point it was a token on Ethereum whose only purpose was a trading-fee discount on a new exchange, and it had no chain of its own.

The asset changed fundamentally in September 2020, when BNB Smart Chain launched and BNB became the fee currency for a public network. That is a genuine break in the record, because the thing being priced before and after is different. Before it was a discount coupon for one exchange; after it was the fuel for a network anyone could build on.

That break matters a great deal for reading the chart, because price behavior from 2017 and 2018 reflects an asset with one narrow use and a handful of venues, and treating it as the early history of the same thing that trades today overstates the continuity. BNB history and origin covers the transition, and the BNB token covers what it does now.


How BNB has moved through cycles

Crypto has run in broad cycles, with periods of rapid appreciation across the whole market followed by prolonged declines, and BNB has participated in each of them. The pattern that repeats is the shape rather than the size: assets rise together, fall together, and fall a great deal further than most newcomers expect.

Two characteristics of BNB's record stand out from that pattern. It has generally moved with the wider market, so most of its large moves coincide with large moves in Bitcoin, and the correlation tightens during sharp declines when almost everything falls together. And it has had its own moves on top of that, driven by BNB Chain's growth and by news concerning Binance.

Drawdowns are the part of the record worth studying properly. Across crypto cycles it is normal for major assets to fall 70% or more from a peak and to stay down for a year or longer, and BNB has been through that. Anyone sizing a position should assume it can happen again, because that is what the record actually shows.

The seductive error is always extrapolation, because two past highs invite a line drawn between them and extended, and that line is a picture of the past presented as a schedule for the future. Nothing about a previous high obliges a price to return to it. What moves BNB price covers the drivers that actually operate.


What burns and supply have done to the record

BNB's supply has fallen throughout its history, from 200 million coins at launch to roughly 133 million in September 2026, through a per-block fee burn and a quarterly program. That is a real change to the asset, and it makes long-run comparisons subtler than they look.

A price is a price per coin, so a shrinking supply means market capitalization and price can diverge. Comparing today's price with 2021's compares two coins that represent different shares of the total, which is worth remembering when a chart appears to show a simple recovery. BNB burns covers the mechanisms and BNB tokenomics covers the supply structure.

Burns are also poor candidates for explaining specific moves. Both mechanisms are public and scheduled, so the market has known about each quarterly burn well ahead of the day it runs, and an explanation built on a scheduled event is usually an explanation built after the fact.


Binance news in the record

Some of BNB's sharpest moves track events at Binance rather than anything on the chain. The clearest cluster was 2023, when the Commodity Futures Trading Commission filed a civil enforcement action on March 27 against Changpeng Zhao and three Binance entities (source: CFTC) On November 21, 2023 the matter resolved: Binance settled with the Financial Crimes Enforcement Network for $3.4 billion and with the Office of Foreign Assets Control for $968 million, each the largest settlement either had reached, over failures to run an anti-money-laundering program and to report suspicious transactions (source: US Treasury). Changpeng Zhao stepped down as chief executive, was sentenced in April 2024 to four months in prison and a $50 million fine, and was pardoned on October 21, 2025 (source: Office of the Pardon Attorney). The company settlement stands regardless of the pardon, which applies to Zhao personally.

This is a permanent feature of the asset instead of a passing phase. A coin created by an exchange, discounted on that exchange, and held largely by that exchange's users carries exposure to that company's position, and periods when regulatory pressure rose show up clearly in the price record. Exchange-token risk covers the category, and how BNB relates to Binance covers the specifics.

Reading the chart with that in mind changes what the volatile periodes mean. Some are market-wide, some are the chain, and some are the company, and separating them is more informative than treating every move as one story.


Using the record sensibly

Three things a price history supports, and one it does not.

It shows the range of outcomes this asset has actually produced, which is the honest basis for deciding how much of it to hold. It shows how long difficult periods have lasted, which tests whether your time horizon is realistic. And it shows how the asset behaved when the market turned, which is better information than any assurance about how it should behave.

What the record cannot support is a forecast. Past prices constrain the future so weakly that any target drawn from them is a guess with a chart attached to it, which is why the record is worth using to calibrate what you expect rather than to set it. BNB's current price sits alongside these extremes on BloFin's BNB/USDT market page, and spot and perpetual futures covers the difference between owning the coin and taking a position on its price.


Frequently asked questions

What is the all-time high for BNB?

Around $1,370, reached on October 13, 2025. The two main data providers differ slightly, as CoinGecko records $1,369.99 and CoinMarketCap $1,370.55 for the same day, and the small gap comes from each building a composite price from a different set of exchanges. Either figure is accurate enough for any practical purpose.

Why do websites disagree about BNB's all-time low?

Because the low happened in 2017, when BNB traded on very few venues with very little volume, so what counted as the price depended on which venues a provider tracked. CoinGecko records $0.03982 in October 2017 and CoinMarketCap $0.09611 in August 2017. Both are defensible readings of a thin early market, and precise prices from that period are best treated as approximate.

How much has BNB fallen in past downturns?

Declines of 70% or more from a peak have been normal for major cryptocurrencies during market downturns, and BNB has been through that more than once. Recoveries from those lows have generally taken a year or longer. Anyone deciding how much to hold should assume a fall of that scale is possible, because it is what the record shows for the whole asset class.

Does BNB follow Bitcoin?

Mostly, yes. Cryptocurrencies correlate strongly and the correlation tightens during sharp declines, when almost everything falls together. BNB has had its own moves on top of that, driven by BNB Chain's growth and by news about Binance, but market direction explains a large share of its day-to-day movement.

Can past prices tell you where BNB is going?

Drawing a line between two past highs and extending it is the most common way people convince themselves otherwise. Price history is useful for calibrating what range of outcomes is plausible and how long bad periods last, which is a different thing from a forecast. Nothing about a previous high obliges a price to return to it.

Does the 2017 price history describe the same asset?

Only loosely. In 2017 BNB was a token on Ethereum whose single purpose was a trading-fee discount on one exchange. It became the fee currency for a public network in September 2020, which changed what was being priced. Treating the whole chart as one continuous story overstates how similar the early and later asset are.


Researched and written by the BloFin Academy editorial team with AI-assisted drafting. Updated September 2026. Primary sources include BloFin's Help Center, CoinGecko, CoinMarketCap, Corporate Finance Institute and the CFTC. All facts independently verified against cited documentation current as of September 2026.

This article is educational and general in nature, not financial or investment advice. Cryptocurrencies like BNB carry real risks, including price volatility, venue risk, smart-contract exploits in ecosystem applications, issuer and chain risk, and the chance of losing funds sent on the wrong network. Nothing here is a recommendation to buy, sell, or hold any asset. Do your own research, and consider speaking with a licensed professional before making financial decisions. BloFin does not provide investment advice.