Changpeng Zhao celebrated the BNB price milestone and hinted at the start of an altcoin season alongside gains in ETH, XRP, and SOL.
By Bhushan Akolkar
Editor Julia Sakovich
Updated
3 mins read
BNB BNB $787.1 24h volatility: 2.9% Market cap: $109.57 B Vol. 24h: $4.00 B , the native cryptocurrency of crypto exchange Binance, rallied to its all-time high levels earlier today, surging past $800. Founder Changpeng Zhao celebrated the BNB price rally with a gratitude message to all who helped in building the Binance ecosystem. Furthermore, Zhao also teased the beginning of an altcoin season as BNB joins the ranks of ETH ETH $3 618 24h volatility: 2.7% Market cap: $436.60 B Vol. 24h: $41.05 B , XRP XRP $3.31 24h volatility: 5.8% Market cap: $195.89 B Vol. 24h: $8.02 B , and SOL SOL $191.4 24h volatility: 5.9% Market cap: $103.02 B Vol. 24h: $21.60 B , in a strong altcoin market rally.
BNB price gained another 7% today, with its market cap soaring to $111 billion. This allows it to reclaim the 5th spot. Also, the BNB futures open interest has surged 23% to $1.27 billion, showing strong bullish sentiment among traders.
Build and Build. $BNB
Appreciations to all the ecosystem players, BTC maxis, ETH holders, meme traders, ETF applicants, treasury pub cos, good regulators, and utility builders. 🙏 pic.twitter.com/5YreSKU7xQ
— CZ 🔶 BNB (@cz_binance) July 23, 2025
Additionally, in one of his other tweets, Zhao also teased about the rising chart of the altcoin season index. “FOMO season soon…” wrote CZ. The Altcoin season index has been inching higher, jumping to 56 from the 50 level on the previous day.
Altcoin season index | Source: CoinMarketCap
Top altcoins like ETH, XRP, BNB, SOL have all gained more than 20% over the past week, and 50-100% since the April lows. Also, institutional confidence in altcoins is on the rise as corporates take measures to build the ETH treasury, SOL treasury, and BNB treasury.
Nasdaq-listed Nano Labs, a leading provider of Web 3.0 infrastructure and product solutions, announced on Monday that it is expanding its BNB holdings to 120,000 tokens, valued at approximately $90 million.
According to Bitbull, the recent surge in BNB’s price is strongly supported by robust on-chain metrics. Daily transactions on the Binance Smart Chain have climbed from 4 million to over 14 million, while decentralized exchange (DEX) volumes reached an impressive $190 billion on a monthly basis.
Additionally, the network has seen more than $11 billion in stablecoin inflows, indicating growing investor confidence. Bitbull also noted that the blockchain has maintained a consistently high transaction success rate.
The analyst added that if bulls hold the BNB price above $800, the next immediate target could be $1000.
$BNB just made a new all-time high,
But the current level has rejected every rally for the past 3 years.Some something's different this time.
What?
This isn’t just a technical breakout.
The on-chain data backs it up:
• Daily txns surged from 4M to 14M+
• DEX volume… pic.twitter.com/JIAs3Lhgrz— BitBull (@AkaBull_) July 23, 2025
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Presale Snapshot:
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
