BNB surges 4.81% to $804 high as Binance volume hits $25B

BNB, the native token of Binance, reached an intraday high of $804 on July 23, 2025, signaling a pivotal moment in the cryptocurrency market’s ongoing altcoin rally. The surge followed a 4.81% increase over the previous five days, with Binance’s spot trading volume hitting $25 billion during the same period, underscoring the exchange’s role in bolstering altcoin liquidity [1]. The Altcoin Season Index, a metric tracking capital inflows into alternative cryptocurrencies, climbed to 54 out of 100, reflecting a shift away from Bitcoin dominance toward smaller-cap assets [1]. This trend aligns with broader investor sentiment, as indicated by the Stellar Fear and Greed Index, which recorded elevated greed levels among market participants [3].

Changpeng Zhao (CZ), Binance’s former CEO, holds approximately 64% of BNB’s total supply, valued at $76 billion based on recent price action [2]. This stake, equivalent to 95 million tokens, positions Zhao as a pivotal influencer in BNB’s market dynamics. Public statements from Zhao on social media have highlighted the potential for a “FOMO (fear of missing out) season,” suggesting speculative buying could accelerate altcoin adoption [2]. Analysts note that while Zhao’s confidence in BNB is evident, his concentrated ownership raises concerns about centralization risks, particularly amid evolving regulatory scrutiny [1].

The token’s performance is closely tied to its dual utility within the Binance ecosystem. BNB functions as a utility token for trading fee discounts, staking rewards, and governance roles in Binance’s decentralized governance model. This multifaceted use case has been cited as a key driver of sustained demand, even amid macroeconomic uncertainties [1]. However, experts caution that long-term sustainability hinges on maintaining innovation and transparent governance practices to mitigate regulatory pushback [1].

Market observers highlight Zhao’s undisclosed crypto assets as a wildcard in wealth assessments. Bloomberg estimates his net worth at $59.7 billion—excluding BNB holdings—though the opacity surrounding his broader portfolio has sparked speculation about the true scale of his influence [2]. No direct link has been established between his personal finances and BNB’s price action, but analysts emphasize the need to monitor Binance’s strategic initiatives, such as token burns and blockchain partnerships, as potential catalysts for continued growth [1].

While the altcoin rally appears entrenched for now, analysts urge a balanced approach to portfolio management. “The interplay between CZ’s personal stake and market dynamics could reinforce BNB’s position as a key player,” one industry expert noted, though they emphasized the need for diversification amid volatile market conditions [1]. The coming weeks will likely test the resilience of BNB’s price trajectory and the broader altcoin ecosystem as sentiment shifts and regulatory developments unfold.

Source: [1] Invezz, [https://invezz.com/news/2025/07/23/bnb-hits-800-ath-as-binance-spot-volume-explodes-to-25b-whats-next/](https://invezz.com/news/2025/07/23/bnb-hits-800-ath-as-binance-spot-volume-explodes-to-25b-whats-next/) [2] COINOTAG, [https://en.coinotag.com/binances-bnb-hits-new-high-as-czs-holdings-gain-value-amid-potential-altcoin-rally/](https://en.coinotag.com/binances-bnb-hits-new-high-as-czs-holdings-gain-value-amid-potential-altcoin-rally/) [3] CFGI.io, [https://cfgi.io/stellar-fear-greed-index/](https://cfgi.io/stellar-fear-greed-index/)