Marking a milestone for the crypto community, BNB – the native token of the Binance exchange – officially reached an all-time high (ATH) of $855. This is not only a spectacular price increase, but also reflects a wave of systematic and strategic financial asset migration to crypto.
BNB Breaks Out Of The Sky With Spectacular Peak – Can CZ Surpass Bill Gates?
BNB is currently the fourth-largest altcoin globally, with a market capitalization of $118.5 billion. Over the past 24 hours, Coinglass data recorded more than $249.5 million in liquidations, with 94,118 traders closing positions – of which $3.92 million were short positions on BNB. This shows the market’s surprise at the coin’s strong rally.
Unlike past short-term rallies, this one is driven by solid fundamentals:
- The BNB Chain ecosystem has seen strong growth in both transaction volume and practical applications.
- Binance continues to maintain its position as the world's largest cryptocurrency exchange.
- Many large companies have started accumulating BNB as part of their long-term financial strategy.
BNB Asset Business Wave
One of the most important milestones was the move by Windtree Therapeutics – a Nasdaq-listed pharmaceutical company – when it announced plans to build a $520 million BNB fund. This is the first time a large-scale public company has officially incorporated BNB into its strategic financial structure.
Nano Labs also made a $50 million purchase of BNB, followed by 10X Capital backed by Yzi Labs, which is setting up a dedicated asset management company for BNB and aiming for an IPO in the US.
In addition, a group of investors on Wall Street has just successfully raised $ 100 million to establish a BNB reserve fund, following the model that corporations have previously used to accumulate Bitcoin as a store of value.
In Vietnam, HVA Group is proactively providing consulting solutions and supporting domestic enterprises to integrate crypto into their financial strategies, similar to the trend that global companies are pursuing. This not only helps improve the efficiency of cash flow, but also opens up opportunities to access capital sources and international markets more flexibly.
BNB Price Outlook
According to FXStreet’s technical analysis, if BNB holds the $800-$802 support zone, the uptrend will continue to consolidate with a short-term target of $900. In the long term, BNB could hit $1,000 in the fourth quarter of this year and even move towards $1,800-$2,000 if the bullish momentum continues in the next cycle.
Binance founder Changpeng Zhao (CZ) is currently estimated to be worth around $60 billion, largely based on his estimated 90% holdings on Binance. However, CZ’s personal BNB holdings are not publicly disclosed and could make his actual net worth much higher. Some have speculated that CZ may have surpassed Bill Gates on the billionaire rankings, although this remains speculative due to BNB’s low liquidity.
