BNB Hits New All-Time High of $1,220: Reflection of the Uptober Effect?
BNB, the native asset of the Binance ecosystem, has achieved its new all-time high (ATH) of $1,220 today, with a 5% daily gain and a market capitalization of $169.84 billion. The coin has been bullish for several months, breaking its own ATH week after week, influenced by various factors such as increased network activity, institutional demand, ecosystem upgrades, and the treasury strategies of certain governments.
The growth of BNB is accompanied by Bitcoin, which leads the Uptober rally by achieving another ATH. BNB is now ranked in the 5th place by market capitalization, just below BTC, ETH, XRP, and USDT. Various market analysts forecast that BNB will continue its bullish phase, creating new ATHs in the coming days.
Upgrades, On-Chain Activity, & Adoption: BNB’s Uptober Rally Driven By Several Key Factors
In recent months, BNB Chain has surpassed Solana in the number of active wallet addresses, crossing 50 million active addresses and marking significant user participation. Users flock to the chain mainly because of its recent ecosystem expansion and upgrades, which attracted institutional investors across the globe. The rise of Aster and why this BNB Chain DEX is the crypto exchange to watch has significantly contributed to boosting the ecosystem’s adoption and liquidity.
Recently, the Kazakhstan government has created its crypto strategic reserve, with BNB being its first asset. Apart from government-based reserves, various public companies also hold BNB. While Chinese EV firm Jiuzi Holdings allocated $1B to BNB recently, CEA Industries and Nano Labs remain the top holders of BNB.
Governments & Public Companies Consider BNB An Ideal Asset for Strategic Reserve
Kazakhstan has launched its first strategic reserve in partnership with Binance Kazakhstan and has acquired BNB as its first investment. The fund, established by the Ministry of Artificial Intelligence and Digital Development, aims to serve as a vehicle for state-level savings, expanding the country’s participation in the blockchain realm. The news was announced on September 29th through Kazakhstan’s ministry press release, and the tweet about the news by Changpeng Zhao (CZ) resulted in an uptrend for BNB.
TLDR: Kazakhstan 🇰🇿 buys #BNB
— CZ 🔶 BNB (@cz_binance) September 29, 2025
Kazakhstan "national" crypto reserve – Alem Crypto Fund – buys #BNB for long-term holding.
https://t.co/ZbLNbuLvpG
(Photo from 2022, new photo coming soon…) pic.twitter.com/2aoz33e328
Nurkhat Kushimov, the General Manager of Binance Kazakhstan, commented that the initiative demonstrates that state-backed reserves and global crypto infrastructure could coexist when governance, licensing, and transparency are prioritized. Kazakhstan’s efforts reflect Bhutan, which added BNB to its crypto reserve earlier this year. More countries are expected to add BNB to their crypto strategic reserves soon.
David Namdar, CEO at CEA Industries (BNC), the world’s largest publicly listed BNB-native treasury company, feels that BNB offers a utility-oriented accumulation rather than BTC, which makes it a compelling asset. “We feel strongly that a more utility-oriented token offers an even stronger proposition. This is the backing of a token that powers a vast blockchain ecosystem (BNB Chain), offering transaction fees, DeFi, NFTs, staking, and payments,” he wrote in an article published at Henley & Partners.
BNB’s Price Analysis: Bullish, Overbought, & Greed
- Fear & Greed Index: 75 (Extreme Greed)
- Market Sentiment: Bullish
- Supply Inflation: -5.69% (Low)
- Dominance: 4.00%
- Volatility: 7.99% (High)
The technicals suggest strong bullish momentum for BNB, but the asset is overbought and exhibits strong Greed in the Fear & Greed Index. It is trading above the 200-day simple moving average with 22 green candles in the past 30 days. It has outperformed both Bitcoin and Ethereum this year, expressing one of the strongest growths in the cryptocurrency environment.
Will BNB’s Surge Continue? Price Forecast
While BNB’s price forecasts are optimistic, with predictions ranging from $1,300 to $2,000 by the year’s end, the increased greed and overbought conditions caution investors who intend to open a new entry point. As a highly volatile asset, it is better if you finalize the entry and exit points only after thorough research. Always DYOR!
Crypto & Blockchain Expert