Changpeng "CZ" Zhao, founder of Binance, said that BNB's rise from its $0.10 Initial Coin Offering (ICO) price to $1,000 underscores the community's hard work and support. This statement was made on X.

"Watching BNB go from $0.10 ICO price 8 years ago to today's $1000 is something words cannot explain," said Zhao. "I, not representing any entity or title, as just a community member and a BNB holder, thank everyone in the BNB and crypto ecosystem, for your support. We had our challenges along the way, but we worked hard, we built, and we held. It's truly a community effort!"

According to BeInCrypto, BNB has evolved from being merely Binance’s exchange token into a significant player in the global cryptocurrency market. It powers the BNB Chain, which supports decentralized applications, smart contracts, and tokenization projects. The network processes tens of millions of daily transactions, reflecting its expanding role beyond exchange fee discounts. This growth highlights both its utility and institutional interest despite regulatory pressures in multiple regions.

As reported by CoinMarketCap, as of September 2025, BNB has a market capitalization of approximately $136–140 billion, ranking it as the fourth-largest cryptocurrency globally. Its 24-hour trading volume typically ranges from $2–3 billion, with a circulating supply of about 139 million tokens. These figures demonstrate BNB’s liquidity and sustained investor demand in the digital asset space.

According to CryptoNinjas, BNB launched in 2017 through an ICO priced at just $0.10 per token and has since appreciated to highs above $1,000, representing gains of nearly 10,000 times. Its rise has been fueled by ecosystem expansion, growing utility in staking and gas fees, and supply reduction through token burns. This long-term performance cements BNB as one of the most successful crypto assets to date.

Changpeng Zhao is a Chinese-born Canadian entrepreneur who founded Binance in 2017 and grew it into the world’s largest crypto exchange by trading volume. Before Binance, he worked at Fusion Systems on high-frequency trading software and developed exchange matching engines while serving as CTO at OKCoin. According to Wikipedia, he stepped down as Binance CEO in November 2023 following legal settlements in the U.S.

Binance was founded in 2017 by Changpeng Zhao and Yi He and is one of the largest global cryptocurrency exchanges by trading volume. Initially headquartered in China, it moved operations abroad following regulatory challenges and now operates without a fixed base. According to Binance's mission statement, it aims to provide infrastructure for the future of crypto by offering services across trading, staking, blockchain (BNB Chain), and research.