BNB Tops $1,200 Amid Ecosystem Rally

BNB surged to fresh all‑time highs above $1,200 this week, with intraday swings over 8% and roughly a 5% 24‑hour gain as prices reached the $1,220–$1,240 area. The move was accompanied by heavy trading volume (~$570.7 million), whale accumulation and rising derivatives activity (open interest and call buying), alongside continued token burns and treasury purchases. On‑chain metrics show active addresses and transaction volumes at multi‑month highs and TVL in BNB protocols in the $8–8.7 billion range, supporting ecosystem-driven demand. BNB Chain has pushed protocol changes to lower the minimum gas price to make trades cheaper, while Binance's official X account was briefly compromised by phishing posts. Technically the token trades above major moving averages with a bullish MACD and an overbought RSI; analysts are eyeing $1,300 as the next target with immediate support around $1,191–$1,203 and a corrective risk if prices fall below roughly $932.