Binance founder CZ celebrates a 10,000x BNB Price Rally to an All-Time High

BNB, the native cryptocurrency of the Binance Smart Chain, hit a new all-time high above $1,000 on September 18. Binance founder Changpeng Zhao celebrated the development of an eight-year journey. Over the past decade, the BNB price has surged by a massive 10,000x, ranking among the top five cryptocurrencies with a market cap of $138 billion.

Changpeng Zhao Thanks Community on BNB Price Hitting All-Time Highs

Binance founder Changpeng Zhao shared a heartfelt message for the community as BNB price rallied to $1000 in a fresh milestone today. Eight years ago, the BNB coin launched at a price of a mere $0.10. Former Binance CEO Changpeng Zhao (CZ) marked the occasion in a post on X. CZ wrote:

“Watching BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain. I, not representing any entity or title, as just a community member and a BNB holder, thank everyone in the BNB and crypto ecosystem for your support. We had challenges but worked hard, built, and held”.

This comes as Changpeng Zhao discusses the launch of a U.S.-listed BNB Treasury Company. Moreover, this initiative focuses on driving institutional adoption through regulated treasury products.

In the discussion, CZ described BNB as a “true utility coin,” pointing to its native functionality across multiple blockchains. He emphasized its use cases within centralized exchanges, including trading discounts, yield opportunities, etc.

The Binance founder also highlighted BNB’s strong network effects in Southeast Asia, Europe, the Middle East, and Africa. All these utility drivers have pushed BNB price even higher in recent times.

Will Changpeng Zhao Return to Binance?

Recent market speculations suggest that Changpeng Zhao could be making a comeback to
Binance will be very soon. Popular crypto analyst Wu Blockchain made an interesting observation, noting that CZ has changed his bio on the X platform from “ex-@binance” with “@binance.”

The change has sparked speculation that Zhao could be positioning for a return to the exchange. The timing is notable, as it coincides with reports that Binance is close to reaching a deal with the U.S. Department of Justice (DoJ) to conclude compliance oversight related to its lawsuit.

In November 2023, Changpeng Zhao stepped down from his role and pleaded guilty to violating U.S. anti-money laundering regulations as part of a $4.3 billion settlement. Under the agreement, Zhao was required to pay a personal fine of $50 million.

Analyst Sees BNB Price Rally to Continue to $5000

As the BNB price hit an all-time high of $1,005 earlier today, market analysts are increasingly bullish on the altcoin. Holding above the $1,000 milestone could set the stage for the next parabolic rally to $5,000.

Popular crypto analyst Crypto Patel noted that BNB price has given a strong breakout from its previous all-time highs and moves further into the price discovery zone. The chart below reveals BNB has successfully completed multiple Fibonacci retracement levels from previous cycles, with key support established around the 0.5 ($160.75) and 0.618 ($115.00) Fibonacci levels. The current price action suggests a major breakout from long-term consolidation patterns.

As per the image, the immediate targets for the BNB price are $2,100 and $5,000, which could be achieved by mid-2026. This shows that the altcoin could be gearing up for another 5x rally from here.