Binance’s native token BNB surged to an unprecedented peak of $804, propelled by a robust rally across the altcoin market. This milestone underscores growing momentum for alternative cryptocurrencies amid shifting investor sentiment.
Former Binance CEO Changpeng Zhao, holding approximately 64% of BNB’s total supply, saw his stake exceed $76 billion in value. While Bloomberg estimates Zhao’s net worth at $59.7 billion—ranking him 26th globally—this assessment may not fully account for his cryptocurrency assets.
Market indicators like CoinMarketCap’s Altcoin Season Index signal increasing investor preference for altcoins over Bitcoin. The surge highlights altcoins’ expanding influence in the cryptocurrency ecosystem as traders diversify beyond dominant assets.