The post Binance Founder Changpeng Zhao Reveals Why BNB Price Hit $1,000 appeared first on Coinpedia Fintech News
BNB price today is hovering just under the $1,000 milestone, trading around $985 after briefly touching a new all-time high of $1,004. The token climbed 4.5% in the past 24 hours, rising from $956 before stabilizing near $998. With its market cap now close to $140 billion, BNB has overtaken Solana to reclaim its spot as the fifth-largest cryptocurrency.
Binance founder Changpeng Zhao (CZ) weighed in on the rally, explaining the mix of political, technical, and regulatory factors fueling BNB’s surge.
Pro-Crypto Policies Boost Investor Confidence
According to CZ, political shifts have created a supportive backdrop for digital assets. He credited the new U.S. administration for taking a friendlier stance toward crypto — one that other countries are now beginning to follow.
“The global environment is finally aligning with crypto. This kind of support is a key driver behind BNB’s rise,” said Zhao.
This policy shift has energized the market, creating optimism around BNB’s potential to break past $1,000 and beyond.
BNB Chain Upgrades Slash Costs and Speed Up Transactions
BNB’s rally isn’t just about politics — technical upgrades to BNB Chain have been transformative. Block times were reduced from 3 seconds to just 0.75 seconds, while gas fees fell by 90%.
These improvements made BNB Chain one of the fastest and cheapest blockchains, leading to a surge in activity. Transaction volumes soared, cementing BNB Chain’s position as the highest-volume network.
“BNB Chain is now among the fastest blockchains in operation, and this efficiency is drawing projects at scale,” CZ emphasized.
Ecosystem Growth and Venture Capital Inflows
The BNB ecosystem continues to expand rapidly. Stablecoins like WLF’s USD1 filled the gap left by BUSD, while AI, DeFi, and real-world asset (RWA) projects are thriving on the network.
Trading platforms like PancakeSwap have seen rising volumes, while lending protocols such as Lista and Venus are competing for dominance. Venture capital firms, including YZiLabs, are pouring funds into BNB-based projects.
“The growth of the ecosystem shows investors’ confidence in BNB’s long-term future,” Zhao noted.
Binance’s Token Burn Fuels Scarcity
BNB’s quarterly token burn program is another bullish catalyst. In the last quarter alone, Binance removed $1.6 billion worth of BNB from circulation, tightening supply and boosting price momentum.
Many investors view these burns as a strong long-term value driver, ensuring BNB remains deflationary.
Regulatory Relief Restores Market Confidence
Earlier this year, the SEC dropped its lawsuit against Binance, lifting fears that BNB might be classified as a security. Reports also suggest Binance could soon strike a deal with the U.S. Department of Justice to end its court-appointed monitor, a condition tied to its $4.3 billion 2023 settlement.
Such developments significantly reduce regulatory pressure and restore investor confidence in Binance’s stability.
Speculation Over CZ’s Return Sparks Buzz
Adding fuel to the rally is speculation that CZ could return to a leadership role at Binance. Although no official announcement has been made, investors see his potential comeback as a positive sign for Binance’s vision and brand.
“My focus has always been on building. Whether I return or not, the ecosystem speaks for itself,” Zhao remarked.
BNB Price Today
BNB price action has been explosive. After repeated resistance tests at $995, the token broke $1,000 in a six-minute rally, with trading volumes eight times higher than normal. Analysts now eye resistance at $1,005, with strong support holding just below $1,000.
With political tailwinds, rapid ecosystem expansion, regulatory clarity, and ongoing token burns, BNB’s climb past $1,000 could be the start of its next major chapter.