‘Diamond hand’ investor turns $1K into $1M as BNB tops $1,000

Zoltan Vardai 6 minutes ago ‘Diamond hand’ investor turns $1K into $1M as BNB tops $1,000 An early BNB investor turned $1,000 into $1 million as the token hit the $1,000 price level for the first time, highlighting long-term holding strategies in crypto markets. Listen 0:00 85 News COINTELEGRAPH IN YOUR SOCIAL FEED A long-term cryptocurrency investor has turned $1,000 into $1 million, underscoring the payoff of patient holding strategies in digital assets. The “diamond hand” cryptocurrency holder turned their original $1,000 BNB ( BNB ) investment into over $1 million, marking a 1,000-fold return in eight years. The investor acquired their stash for just $1,000 when the Binance ecosystem’s native token traded for around $1 back in 2017, according to blockchain data platform Lookonchain. Despite the 1,000-fold return, the trader continues holding their BNB tokens instead of taking profits, according to data from blockchain intelligence platform Nansen. Wallet “0x850” historical token returns. Source: Nansen The near $1 million profit comes as the BNB token rose to a new all-time high of $1,005 on Tuesday, according to Cointelegraph data, signaling growing investor expectations for an incoming altcoin season. BNB/USD, 1-day chart. Source: Cointelegraph Three weeks ago, Raoul Pal, founder and CEO of Global Macro Investor, predicted that the crypto market is in the “waiting room” ahead of the next phase of the price discovery stage, which may extend the market cycle top to the first or second quarter of 2026. “Our work suggests (probabilistically speaking) that the cycle extends into Q1 2026 and possibly Q2 2026 due to slow business cycle forcing more liquidity for longer,” he said in an Aug. 29 X post . Source: Raoul Pal Related: CZ sounds alarm as ‘SEAL’ team uncovers 60 fake IT workers linked to North Korea BNB all-time high driven by native utility A combination of growth factors contributed to BNB’s new all-time high above $1,000, including the token’s native “utility,” according to Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain. BNB is a “unique” network token with growing utility in centralized exchanges, seeing increased demand from institutional investors due to the “growing momentum of DATs coming in with a focus on high-quality assets like BNB,” Kawadri told Cointelegraph. “[BNB] continues to see strong growth momentum: more developers, more protocols, more capital, more users.” This creates a “flywheel for the network and native token,” he added. Related: SEC approves first US multi-asset crypto ETP, from Grayscale Source: Changpeng Zhao “Watching #BNB go from $0.10 ICO price 8 years ago to today’s $1000 is something words cannot explain,” said Binance co-founder and former CEO Changpeng Zhao in a Thursday X post. “We had our challenges along the way, but we worked hard, we built, and we held,” he added. Magazine: Astrology could make you a better crypto trader: It has been foretold # Blockchain # Cryptocurrencies # Altcoin # Business # Analysis # Investments # Adoption # Changpeng Zhao # Cryptocurrency Exchange # Tokens # Altrader # Records # Binance # Price Analysis # Binance Coin # Trading101 # DeFi # Trading # Web3 # Cryptocurrency Investment # Binance USD # Nansen Add reaction