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Whales, destruction and reserve increase: What drove the BNB to $1,000?

Source: CoinWorld
BNB has a strong momentum and is expected to break through the $1,000 mark. This is due to the growing Binance stablecoin reserves, whale users’ shareholdings of more than 100,000 BNBs, active token destruction (a 2% decrease in supply in the last quarter), and a 30% increase in on-chain transaction volume over the previous year. These factors suggest that BNB has strong liquidity, user trust and growing network adoption, and despite the increasing market dependence on BNB, the outlook for BNB remains optimistic.
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