Binance Coin (BNB) Hits $860: New All-Time High Following Binance’s 8th Anniversary

In a significant recent development, as crypto markets have been rallying, Binance Coin (BNB) has made it to a new historic price peak at $859.56. This explosive price surge strengthens BNB’s position as one of the strongest assets in the crypto market.

Having also reached a new high in market cap, BNB has overtaken the major corporate behemoths, including the Bitcoin-focused company Strategy, SoftBank, and the sports giant Nike.

The meteoric price surge of BNB has also had a substantial impact on the net worth of its creator, Changpeng Zhao, whom the crypto world also knows as CZ. One of the wealthiest crypto influencers, he now may have surpassed many traditional billionaires, including Warren Buffett and Bill Gates. Even though CZ no longer officially runs Binance, he remains a great figure who co-founded this platform and created BNB, thus writing his name down in the history of the crypto space.

Binance and BNB – from average Ethereum token to crypto empire

The story of BNB is closely interwoven with the origin of Binance itself. The crypto exchange was founded in July 2017, at the peak of the Initial Coin Offering (ICO) boom. Back then, CZ with his team launched Binance on the Ethereum chain, where many major exchanges and blockchains with their coins started from at that time. BNB appeared, powered by Ethereum’s ERC-20 token standard.

Soon after that, Binance quickly came to be known as the world’s largest crypto exchange in terms of trading volume, and here’s when BNB was created. The initial goal of launching Binance Coin was to reduce trading fees on Binance, but since its launch, BNB has gone far beyond its original role. The token evolved as Binance itself expanded into the largest crypto trading platform.

In 2019, Binance launched its own blockchain developed by its team – Binance Smart Chain (BSC), which was later rebranded as the BNB Chain. This allowed BNB and Binance itself to migrate from Ethereum to its own blockchain, unlocking smart contract capabilities and adding DeFi, GameFi, and NFT markets to the Binance ecosystem. Similar to Ethereum, the BNB Chain became a launchpad for new tokens. The Binance Launchpad platform was also launched, where tokens started off, but not through ICOs – their era was over by then and replaced by Initial Exchange Offerings (IEO).

During the past eight years since its founding, Binance has not only become the leader of the crypto space, survived intense regulatory pressure, but it has also had a fundamental impact on the industry, shaping the global crypto economy. In July 2025, Binance celebrated its 8th anniversary.

BNB has become the cornerstone of the BNB Chain, and it powers thousands of dapps, as well as secures the network through staking.

BNB hits three all-time highs in one week

Analysts believe that several factors drove the BNB price up to the $859 all-time high. Those was a strong interest coming from financial institutions, the increasing utility of the BNB chain in multiple sectors, and the overall positive sentiment about crypto’s future, particularly with the prospect of the US creating the Strategic Bitcoin Reserve. Besides, earlier this year, CZ was invited to join the crypto council in Pakistan, and BNB was added as part of the crypto reserve of Bhutan.

According to on-chain metrics, high levels of activity with decentralized exchanges, gaming platforms, and NFT marketplaces have been registered on BNB Chain.

Prior to the current ATH, BNB scored a historic peak five days ago, when it hit $804, and on Sunday, it skyrocketed to $827. Now that the $859 level has been breached, analysts are speculating how long it will be before Binance Coin reaches $1,000 per token.

CZ’s wealth faces a big spike

Now that Binance has celebrated its 8th anniversary and BNB has surged to a new all-time high, Changpeng Zhao (CZ) has caught the attention of the crypto community. Besides, the four months he spent in prison in the US last year have contributed to his perfect reputation as an iconic crypto figure. Even though he no longer runs Binance and has given that position over to Richard Teng, CZ remains an important decision maker at Binance and remains its largest shareholder.

He also holds more than half of the circulating supply of Binance Coin. Both factors summed up, and CZ’s net worth may have spiked as high as $158 billion (after the new ATH), which is more than the wealth of the legendary investor and crypto hater Warren Buffett.

After stepping down from his CEO role at Binance, CZ started a new solo project – the Giggle Academy – a non-profit which offers free online lessons of maths, English, and blockchain to children from underprivileged countries and families, free of charge. He has also been working on a book since last year, which may include a mix of his own biography, the history of the Binance founding, and the crypto space in general.

Overall, as Binance is now running into its 9th year and BNB targets $1,000, it becomes clear that the crypto space is blossoming, not just surviving. And Binance Coin is one of the strongest assets in this market, as well as Binance remains a solid rock that can survive through any regulatory storm or a crypto winter.