BNB is nearing the $1,000 mark, trading around $916, fueled by increased trading volumes and a shrinking circulating supply. The supply is projected to decrease from 145 million to 139 million tokens by 2025 due to the auto-burn mechanism, enhancing scarcity. The BNB Chain's ecosystem, now hosting over 5,000 decentralized applications, along with significant institutional purchases, including a $90 million treasury acquisition, are contributing to this momentum. Analysts note technical breakout patterns as BNB's market cap has risen from $77 billion in late 2024 to approximately $132 billion in September 2025. The token's price is on track to reach $1,000, with potential targets up to $1,300, driven by strong demand and market confidence.