The price trend of BNB is influenced by a variety of complex factors. Historical data shows that it reached a high price of $719.37 on June 6, 2024, and fluctuated around $650 on February 20, 2025. Its price is closely related to the development of the Binance exchange. If Binance's trading volume increases, expands into new markets, or deploys more projects on the Binance Smart Chain, it will increase the demand for BNB and drive the price up. For example, participation in the Binance Launchpad projects requires BNB, which can boost its demand.

However, the regulatory policies in the cryptocurrency market are volatile, and if restrictive policies are introduced, they may suppress the price of BNB. At the same time, the overall market conditions also have an impact; significant fluctuations in the prices of mainstream coins like Bitcoin can trigger a chain reaction in the cryptocurrency market, affecting the price of BNB.