Solana News Today: BNB Hits $858 All-Time High on 32% Monthly Gain, 29% in Six Months as Binance Grows Ecosystem

BNB, the native token of Binance, has reached a historic milestone by surging to an all-time high of $858, marking a 32% increase over the past month and a 29% rise over six months. This surge has propelled its market capitalization to $117 billion, re-establishing it as the fifth-largest cryptocurrency by market cap and surpassing Solana (SOL) [1]. The token’s recent performance reflects sustained institutional and retail demand, driven by Binance’s expanding blockchain ecosystem and broader market optimism amid a bull cycle [2].

The rally has significantly boosted the net worth of Changpeng “CZ” Zhao, Binance’s founder, whose 64% stake in BNB’s circulating supply is now valued at $75 billion. Zhao’s influence extends beyond BNB, as his 90% ownership of Binance and his asset management firm, YZI Labs, which oversees over $10 billion in assets, underscore his central role in shaping the crypto landscape [3]. Recent regulatory developments, including the SEC’s dismissal of its civil case against Binance and CZ in May 2025, have further eased legal pressures, allowing the exchange to explore re-entry into the U.S. market [1].

Market analysts highlight BNB’s strategic price levels, with the $715 resistance and $574 support zones critical for near-term direction. A breakout above $715 could signal renewed bullish momentum, while dips toward $574 present potential entry points. The token’s proximity to the $1,000 threshold—a figure CZ has previously hinted at—has intensified speculation about its next move, particularly if Bitcoin’s dominance drops below 60% and Ethereum exceeds $4,000, which could trigger a broader altcoin rally [4].

Solana (SOL) remains a focal point for investors seeking the next major price surge. While BNB’s ascent has pushed SOL to a lower market ranking, the token has posted a 6.12% increase over the past week, despite a 15.23% decline over six months. Current trading levels range between $131 and $173.35, with key resistance at $191.79 and support near $107.89. Analysts caution that while short-term gains are evident, the absence of a clear trend suggests cautious positioning, with strategies focusing on pullback entries and resistance-based exits [1]. A speculative forecast from the xAI chatbot Grok projects a 60% probability of SOL reaching $300, though this remains unverified by established market indicators [5].

XRP has also attracted attention, posting a 52.08% surge in the past month despite a modest 6.52% gain over six months. Its recent volatility, characterized by a 5.70% weekly decline against a robust monthly performance, reflects mixed market signals. Trading within a $1.99 to $2.41 range, XRP faces support at $1.73 and resistance near $2.59. Analysts note that the coin’s ability to balance short-term momentum with longer-term stability positions it as a potential contender, despite ongoing legal challenges and regulatory scrutiny [1].

The interplay between BNB’s dominance and the growth trajectories of SOL and XRP underscores the dynamic nature of the crypto market. Binance’s ecosystem expansion, including the BNB Smart Chain and decentralized applications, has reinforced BNB’s utility and demand, while Solana’s scalability and XRP’s institutional partnerships continue to fuel investor interest [2]. As the market digests these developments, regulatory clarity, macroeconomic shifts, and project-specific innovations will remain pivotal in shaping future outcomes.

References:

[1] [99Bitcoins](https://99bitcoins.com/news/altcoins/bnb-crypto-hits-a-new-all-time-high-of-858-making-binance-co-founder-one-of-the-worlds-richest-men/)

[2] [U.Today](https://u.today/binance-coin-bnb-now-surpasses-strategy-by-crucial-metric)

[3] [CryptoNews](https://cryptonews.com/news/cz-binances-net-worth-hits-75b-as-bnb-token-breaks-new-ath-above-850-richer-than-warren-buffett/)

[4] [99Bitcoins](https://99bitcoins.com/news/altcoins/bnb-crypto-hits-a-new-all-time-high-of-858-making-binance-co-founder-one-of-the-worlds-richest-men/)

[5] [Mitrade](https://www.mitrade.com/au/insights/news/live-news/article-3-991169-20250728)