BNB all-time high headlines the market today as the exchange token set a fresh record. According to the source, BNB hit $1,087, lifting its market capitalization to $149.22 billion. It even briefly surpassed Intel’s market cap, underscoring crypto’s growing presence alongside major tech names.
New peak, rising doubts
Even so, the rally is drawing caution. Technical indicators signal overextension, with the Relative Strength Index reportedly at 88. That level often suggests overbought conditions. Meanwhile, funding rates dropped to a two-month low as short contracts increased. As a result, traders appear more skeptical about the rally’s sustainability.
Market behavior can shift quickly when momentum cools. Therefore, the combination of a high RSI and falling funding rates may hint at a potential pullback. Still, volatility cuts both ways, and swift reversals are common.
Centralization concerns resurface
Separately, a recent Grok report flagged a significant centralization risk for BNB. It states that Binance and co-founder Changpeng Zhao collectively own an estimated 70–71% of the token’s total supply. If accurate, this concentration could amplify governance influence and liquidity dynamics. However, the report’s estimates should be viewed in context alongside on-chain transparency and exchange disclosures.
Investors often weigh such structural risks against adoption narratives. In BNB’s case, exchange-driven utility and ecosystem activity can support demand during bullish phases. Nevertheless, concentration and technical overbought signals may keep risk managers vigilant.
Key points traders are watching
Against that backdrop, here are the focus areas:
• Price set a new BNB all-time high at $1,087.
• Market cap reached $149.22 billion, briefly topping Intel.
• RSI at 88 indicates overbought conditions.
• Funding rates hit a two-month low as shorts increased.
• Grok report estimates 70–71% supply held by Binance and CZ.
For background on token mechanics and stability dynamics, see our primer on how stablecoins work. Meanwhile, readers can review market cap comparisons via Wikipedia’s market capitalization overview for broader context.
