An extended-term cryptocurrency investor has turned $1,000 into $1 million, underscoring the payoff of affected person holding methods in digital belongings.
The “diamond hand” cryptocurrency holder turned their unique $1,000 BNB (BNB) funding into over $1 million, marking a 1,000-fold return in eight years.
The investor acquired their stash for simply $1,000 when the Binance ecosystem’s native token traded for round $1 again in 2017, in response to blockchain information platform Lookonchain.
Regardless of the 1,000-fold return, the dealer continues holding their BNB tokens as an alternative of taking earnings, in response to information from blockchain intelligence platform Nansen.
The close to $1 million revenue comes because the BNB token rose to a brand new all-time excessive of $1,005 on Tuesday, in response to Cointelegraph information, signaling rising investor expectations for an incoming altcoin season.
Three weeks in the past, Raoul Pal, founder and CEO of World Macro Investor, predicted that the crypto market is within the “ready room” forward of the subsequent section of the worth discovery stage, which can lengthen the market cycle prime to the primary or second quarter of 2026.
“Our work suggests (probabilistically talking) that the cycle extends into Q1 2026 and probably Q2 2026 resulting from sluggish enterprise cycle forcing extra liquidity for longer,” he mentioned in an Aug. 29 X publish.
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BNB all-time excessive pushed by native utility
A mixture of development components contributed to BNB’s new all-time excessive above $1,000, together with the token’s native “utility,” in response to Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain.
BNB is a “distinctive” community token with rising utility in centralized exchanges, seeing elevated demand from institutional traders because of the “rising momentum of DATs coming in with a concentrate on high-quality belongings like BNB,” Kawadri informed Cointelegraph.
“[BNB] continues to see robust development momentum: extra builders, extra protocols, extra capital, extra customers.”
This creates a “flywheel for the community and native token,” he added.
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“Watching #BNB go from $0.10 ICO value 8 years in the past to in the present day’s $1000 is one thing phrases can not clarify,” mentioned Binance co-founder and former CEO Changpeng Zhao in a Thursday X publish.
“We had our challenges alongside the best way, however we labored arduous, we constructed, and we held,” he added.
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