BNB Jumps as Changpeng Zhao Hints at Binance Comeback
BNB Jumps as Changpeng Zhao Hints at Binance Comeback
Key Takeaways
- BNB price surged 5% to hit an all-time high of $962 amid renewed speculation about Changpeng Zhao’s (CZ) return to Binance.
- Trading volumes jumped 37% and futures open interest crossed $1.8 billion, with analysts eyeing a $1,000 breakout.
- CZ revealed treasury expansion plans for BNB, adding fuel to bullish investor sentiment.
Binance Sees Price Surge as CZ Sparks Comeback Rumors
Binance Coin (BNB) has surged to fresh highs as speculation grows that co-founder Changpeng Zhao could soon return to the exchange he helped build. The token jumped more than 5% in 24 hours, hitting a record-breaking $962, as investors responded to both price momentum and Zhao’s latest moves.
The spark came after Zhao updated his X bio from “ex-binance” back to “binance.” This set off a wave of rumours with many interpreting it as a signal that CZ may be preparing a comeback.
Back in November 2023, Zhao resigned as CEO after pleading guilty to violations of U.S. anti-money laundering laws. The settlement included a $4.3 billion fine for Binance, a $50 million personal penalty for Zhao, and a three-year compliance monitoring requirement. With those restrictions now reportedly lifted, observers believe CZ will resume Binance’s leadership.
BNB Price Hits Record $962 on Bullish Momentum
BNB’s price rally has captured global attention. The token climbed 5% in one day to cross $962, setting a new all-time high. Daily trading volumes rose 37% to $3.31 billion, while open interest in BNB futures expanded 8.3% to $1.81 billion, showing heightened trader confidence.
Market analysts are now closely watching the $1,000 mark, aresistance level. A breakout above it could open the door for a new growth phase for Binance Coin. This will further reinforce its position as one of the strongest performing assets in 2025.
The momentum reflects both growing investor appetite and renewed optimism about Binance’s direction. With bullish technical indicators, traders are positioning for continued upside.
CZ Unveils BNB Treasury Expansion Plans
Adding to the speculation, Zhao has outlined ambitious plans for a new BNB Treasury Company, a strategic initiative aimed at growing the Binance Coin ecosystem. In a recent interview with Leon Lu of B Strategy, Zhao described BNB as a “true utility coin” with unmatched use cases in the industry.
“Very few coins have these types of benefits,” he explained, citing BNB’s role in trading discounts, yield generation, launchpads, cross-border payments, and decentralised applications.
According to Zhao, the treasury initiative could raise as much as $1 billion with support from YZi Labs, targeting strong institutional projects. He revealed that over 50 companies have approached him about BNB support, but only a small number of top-performing firms will be selected.
This aligns with reports that institutional demand for BNB is growing, as companies explore token treasury strategies similar to MicroStrategy’s Bitcoin model.
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Is CZ Really Coming Back to Binance?
The question of Zhao’s possible return remains unanswered. While he has previously denied interest in resuming the CEO role, his subtle online signals and active promotion of BNB have kept the rumours alive.
Industry insiders suggest that the DoJ’s easing of restrictions could pave the way for his involvement in Binance’s next growth phase, though perhaps not in an executive capacity. Whether through direct leadership or behind-the-scenes influence, CZ’s presence appears set to remain central to the exchange’s future.
For now, Richard Teng continues to serve as CEO, maintaining Binance’s operations through its regulatory challenges. Still, CZ’s re-emergence has injected fresh energy into the community at a time when Binance is finalising agreements to resolve past compliance disputes.
BNB Price Eyes $1,000 as Momentum Builds
At press time, BNB was trading at $956, with weekly and monthly gains of 8.2% and 13.7% respectively. On the downside, strong support levels are seen at $920 and $880, providing buffers if profit-taking occurs.
Analysts believe that if treasury plans progress and speculation over CZ’s return intensifies, BNB could go beyond $1,000. To stay updated on crypto funding news and trends, visit our fundraising area for more insights.
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