$BNB Reaches Record $1,370 Despite Market Liquidations
$BNB surged to an all-time high of $1,357.88 on Monday, outperforming the broader cryptocurrency market as it recovers from a weekend that saw $19 billion in forced liquidations across exchanges. The token rallied more than 11% in 24 hours and has gained 46% over the past month.
The milestone marks the third consecutive week of new all-time highs for the ecosystem token, which rebounded strongly after Friday's market crash. CoinMarketCap data confirms the peak near $1,370, demonstrating #resilience amid widespread market turbulence that affected traders globally.
Trading platforms across the industry experienced technical challenges during the crash as extreme volatility stressed infrastructure. Market-wide conditions primarily drove the fluctuation, with #liquidation data showing normal processing levels relative to total trading volume across exchanges.
On-chain metrics reveal substantial ecosystem growth behind the rally. #BNBChain reported a record 59 million monthly active addresses according to TokenTerminal data, indicating increased investor confidence and broader strength supporting the token's upward momentum.
