Binance Coin is on the cusp of hitting a new lifetime peak
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The market capitalization of Binance Coin (BNB) has surpassed the $100 billion mark for the first time since May 12.
The cryptocurrency is just a hair’s breadth away from touching its peak valuation of $108 billion.
Binance Coin reached its current all-time high of $686 on May 10.
At press time, it is trading at $611 on the Binance exchange.
In October, the company announced that it had destroyed a record-breaking $639 million worth of BNB tokens during the third quarter.
Within the same month, Binance also launched a $1 billion fund for bolstering the Binance Smart Chain ecosystem.