BNB Super Cycle or Super Bubble? Analysts Split on Binance’s Moonshot

Binance’s BNB token is establishing new highs daily, forging into price discovery with steady prospects for more gains. However, not everyone is buying the story.

The so-called “BNB Super Cycle” has sent prices and meme-fueled hype soaring, yet a growing number of analysts and traders are calling it the next bubble waiting to burst.

BNB Moonshot Fuels a Backlash: Traders Warn of ‘Supercycle Hype’

The BNB price recently hit fresh highs, trading for $1,287 as of this writing, up by almost 3% in the last 24 hours.

The surge has pushed the Binance Smart Chain (BSC) ecosystem into overdrive. Data shows the BSC chain led decentralized exchange (DEX) volumes with over $6 billion in 24 hours.

Meanwhile, the BNB Supercycle movement gained viral momentum after Binance founder Changpeng “CZ” Zhao tweeted, “BSC stands for?” to which the community replied, “BNB Super Cycle.”

The frenzy ignited a full-blown rally. Within hours, meme token BSC launched on PancakeSwap and rocketed from under $1 million to over $32 million in market cap as top influencers piled in.

Crypto analyst Stitch broke down the phenomenon, noting the importance of the timing. The analyst cited CZ’s tweet, official endorsement, influencer amplification, and community hunger for a comeback narrative as all converging.

“This was the moment the BNB community woke up — BNB is back, CZ is back, and the BNB Super Cycle begins,” they wrote.

However, beneath the euphoria, seasoned traders see troubling signs. Marty Party, a vocal market commentator, drew sharp parallels to the 2022 FTX/FTT collapse.

“Binance’s personal blockchain asset BNB surpasses BlackRock in market capitalization and is unregulated, with no USD-backed stablecoin on it. This is the next FTT, yet nothing from regulators,” he warned.

He accused Binance of operating “away from jurisdictional reach” while “manipulating all other network assets.”

In the same tone, Seg, a pseudonymous analyst, questioned the fundamentals of the colloquial BNB Super Cycle.  

“What structural advantages does BSC have over Solana right now that have led to its uptick in degeneracy? Is it just pure vibes?” Seg stated.

Speculation Over Substance: The “Super Cycle” or Just Another Rotation?

Meanwhile, Ansem, a renowned trader and popular account on X, agreed, arguing that BSC’s renewed activity is driven less by technology and more by liquidity rotation.

“BSC has zero tech advantage over Solana. Uptick in degeneracy is happening because there was previously very little capital on BSC, so there is an influx of new capital from other chains buying coins + there are not thousands of coins to buy daily + direct wealth effect from BNB all-time highs & CZ + Binance cartel bid on Aster,” Ansem explained.

Elsewhere, trader Thomas Nguyen claims the BNB Super Cycle movement could go parabolic when the BSC meme coin’s market cap hits $1 billion.

Yet, even as price charts flash green, on-chain sentiment tells a different story. Data shows declining trader confidence, muted stablecoin flows, and shorter holding periods.

This suggests speculation, not conviction, may be driving this rally. Perhaps, it is the same speculation that is already hinting at a Binance IPO. Still, some say public listing may not be necessary because BNB already has a public market with CEA Industries among the biggest BNB whales.

Analysts caution that the “super cycle” narrative risks repeating the same pattern of euphoric peaks that end in steep corrections.

Amidst BNB flying high and the louder the chants of “Super Cycle,” investors should conduct their own research.