An investor with a long-term focus on cryptocurrency has transformed $1,000 into $1 million, highlighting the rewards of holding strategies in digital assets.
This “diamond hand” investor turned their initial $1,000 investment in BNB (BNB) into over $1 million, achieving a 1,000-fold return within eight years.
The individual purchased their supply for merely $1,000 when the Binance ecosystem’s native token was valued at around $1 back in 2017, as reported by blockchain data platform Lookonchain.
Despite the impressive 1,000-fold return, the trader has opted to retain their BNB tokens rather than cashing out, according to blockchain intelligence platform Nansen.
The nearly $1 million profit comes as the BNB token reached a new all-time high of $1,005 on Tuesday, according to Cointelegraph data, indicating rising investor optimism for an upcoming altcoin season.
Three weeks ago, Raoul Pal, founder and CEO of Global Macro Investor, suggested that the crypto market is in a “waiting room” before the next price discovery phase, which could prolong the market cycle peak into the first or second quarter of 2026.
“Our analysis indicates (in probabilistic terms) that the cycle may extend into Q1 2026 and possibly Q2 2026 due to a sluggish business cycle demanding more liquidity for an extended period,” he shared in an Aug. 29 X post.
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BNB all-time high fueled by inherent utility
A variety of growth factors have contributed to BNB’s latest all-time high surpassing $1,000, including the token’s intrinsic “utility,” according to Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain.
BNB is recognized as a “distinctive” network token with increasing utility across centralized exchanges, reflecting a heightened demand from institutional investors driven by the “growing interest in high-quality assets like BNB,” Kawadri remarked to Cointelegraph.
“[BNB] continues to experience vigorous growth: more developers, more protocols, more capital, more users.”
This creates a “flywheel effect for the network and its native token,” he elaborated.
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“Witnessing #BNB transition from a $0.10 ICO price eight years ago to today’s $1,000 is indescribable,” stated Binance co-founder and former CEO Changpeng Zhao in a Thursday X post.
“We faced numerous challenges along the way, yet we persevered, innovated, and remained committed,” he concluded.
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