The year 2017 was a pivotal period for Binance Coin (BNB), marking its early days following the token’s launch in July. As the native utility token of Binance — one of the fastest-growing cryptocurrency exchanges — BNB began trading at under $0.15 and experienced dramatic fluctuations throughout the remainder of the year. This article explores the BNB price trends in 2017, analyzing key milestones including the highest and lowest prices, significant price surges, and market behavior during this formative phase.
Early Days: The Humble Beginning of BNB
BNB was introduced during Binance’s Initial Coin Offering (ICO) in July 2017, with the token priced at approximately $0.10 to $0.15. Trading officially began shortly after, and initial activity showed relatively low volume and minimal volatility.
By August 3, 2017, BNB was trading at just **$0.11**, but within days, momentum started building. On **August 8**, the price surged by **46.67%**, climbing from $0.15 to $0.22. This marked the beginning of a broader upward trend that would gain steam in the following weeks.
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Breakout Momentum: August 2017 Surge
August proved to be a turning point for BNB. After languishing below $0.25 for most of early August, the coin exploded in value. On **August 13**, BNB recorded a staggering **95.56% single-day gain**, jumping from $0.45 to $0.88 on increased trading volume and growing interest in the Binance platform.
Just two days later, on August 15, BNB reached $1.38**, briefly touching an intraday high before pulling back due to profit-taking. The rally continued through mid-August, with **August 17** seeing another massive jump of **36.81%**, closing at **$1.97.
This surge was fueled by several factors:
- Strong adoption of the Binance exchange
- Positive sentiment around exchange-based tokens
- Broader bull run in the cryptocurrency market
Volatility Peaks: September 2017 Rollercoaster
September brought extreme volatility to BNB’s price action. The month opened with BNB trading around $2.50 on September 2, but sharp corrections followed due to market-wide regulatory concerns and profit-taking.
On September 4, amid Chinese government crackdowns on cryptocurrency exchanges and ICOs, BNB plunged -33.54%, dropping from $1.58 to **$1.05** — one of its steepest declines that year.
However, recovery was swift. By September 7, BNB rallied +33.01% to close at $1.37, signaling strong underlying demand despite external pressures.
This volatility highlighted both the risks and opportunities inherent in early-stage crypto investing — especially for utility tokens tied to fast-growing platforms like Binance.
Steady Climb: October–December 2017 Bull Run
From October onward, BNB entered a sustained growth phase aligned with the broader cryptocurrency bull market.
October Highlights
- On October 2, BNB surged +28.10%, closing at $1.96
- The rally was supported by renewed investor confidence and expanding use cases for BNB on the exchange
- By October 31, BNB had stabilized above $1.30
November Gains
- Prices moved from around $1.30** to over **$2.00
- Despite some pullbacks, consistent buying pressure kept the uptrend intact
- On November 8, a +12.78% spike pushed BNB to $2.03
- High volatility remained, but the overall direction was clearly bullish
December Acceleration
December saw some of the most dramatic moves in BNB’s 2017 journey:
- On December 1, BNB opened at $2.00
- A series of sharp rallies followed, driven by Bitcoin’s surge past $10,000
- On December 26, BNB spiked +37.65%, closing at $9.03
- Just one day earlier, on December 25, it had already jumped +23.54%
By December 27, BNB reached an intraday high of $11.30, marking its peak for 2017.
On December 31, 2017, BNB closed the year at $8.64**, up from under $0.15 just five months prior — representing a return of over 5,400%** since its launch.
Key Price Metrics: 2017 Highs and Lows
Throughout 2017, BNB demonstrated remarkable growth despite high volatility.
| Metric | Value |
|---|---|
| Launch Price (July) | ~$0.10 |
| Lowest Price (Aug 6–7) | $0.13 |
| Highest Price (Dec 27) | $11.30 |
| Year-End Closing Price (Dec 31) | $8.64 |
| Total Return (July–Dec) | >5,400% |
These figures underscore BNB’s explosive potential during its first year — a testament to the success of the Binance ecosystem and growing investor trust.
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Core Factors Behind BNB’s 2017 Success
Several key drivers contributed to BNB’s impressive performance:
- Exchange Utility: BNB offered fee discounts on trades — a compelling incentive for users.
- Platform Growth: Binance rapidly became one of the top global exchanges by volume.
- Market Sentiment: The overall crypto bull run in late 2017 boosted all major digital assets.
- Token Burn Mechanism: Though not yet fully implemented in 2017, plans for quarterly burns added long-term value appeal.
These fundamentals laid the foundation for BNB’s continued growth in subsequent years.
Frequently Asked Questions (FAQ)
What was BNB’s highest price in 2017?
BNB reached its highest intraday price of $11.30 on December 27, 2017.
When did BNB start trading?
BNB began trading shortly after its ICO in July 2017, with initial prices around $0.10–$0.15.
Did BNB experience significant drops in 2017?
Yes, notable declines included a -33.54% drop on September 4 due to regulatory fears in China and a -22.78% fall on October 8 following earlier gains.
What caused BNB’s price surge in August 2017?
Increased adoption of the Binance exchange, strong community support, and rising interest in exchange-based tokens drove early momentum.
How much did BNB grow in 2017?
From a launch price near $0.10 to a year-end close at $8.64, BNB delivered a return of over 8,500% in less than six months of active trading.
Is historical data useful for predicting future BNB performance?
While past performance doesn’t guarantee future results, understanding historical trends helps assess market behavior and investor sentiment patterns.
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Final Thoughts
The year 2017 was nothing short of extraordinary for Binance Coin. From humble beginnings as a utility token priced under $0.15, BNB ascended to nearly $11 by year-end — showcasing the power of platform-driven value creation in blockchain ecosystems.
Its journey reflects broader themes in crypto: innovation, speculation, resilience, and rapid growth. For investors and analysts alike, reviewing BNB’s 2017 price trends offers valuable lessons about early-stage digital asset investing and the transformative potential of well-executed projects.
As the cryptocurrency landscape continues to evolve, BNB remains a standout example of how utility, adoption, and strategic vision can drive long-term success — starting with a remarkable debut year in 2017.
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