VAPE Stock Soars 550% on BNB Treasury Reveal; CZ Reacts as BNB Blasts Past $860
Highlights
- Changpeng Zhao says CEA industries stock could attract more capital on BNB Treasury plans.
- Corporate commitments to BNB treasuries have now surpassed $2 billion, signaling increased institutional confidence.
- BNB reached a record high of $860 with over $3 billion in daily trading volume.
Binance founder Changpeng Zhao (CZ) celebrated the 550% rally in CEA Industries (NASDAQ: VAPE) on Monday, after the firm disclosed its BNB Treasury plan. CZ acknowledged the VAPE stock rally, closing at $57.5 after yesterday’s trading session. BNB price touched an all-time high, shooting to $860, with daily trading volume shooting past $3 billion.
Changpeng Zhao Praises CEA (VAPE) Stock Rally
On Monday, July 28, the stock price of CEA Industries (NASDAQ: VAPE) soared by over 560%, following a $500 million private investment in public equity (PIPE) deal with 10X Capital, supported by YZi Labs. The agreement includes $400 million in cash and $100 million in BNB cryptocurrency.
This development got the attention of Binance co-founder Changpeng Zhao, who couldn’t resist tweeting. “Power of BNB. Also attracts more money to buy BNB,” wrote Zhao in his message on X platform.
BNB founder Changpeng Zhao underscored the growing influence of BNB, noting its rising momentum in the crypto market. Through his latest post, Zhao meant that the CEA Industries stock rally will create a MicroStrategy-like flywheel effect, wherein more capital inflows would lead to more BNB purchases by institutions, which would further push the stock higher.
With BNB price rallying to all-time highs, Changpeng Zhao’s crypto portfolio has hit a massive $80 billion. The Binance founder is reportedly holding 94 million BNB coins i.e. 64% of the total circulating supply. With the recent BNB rally, the altcoin has extended its lead over rival Solana, following a close contest last week when SOL price surged past $200.
BNB Treasury Corporate Demand on Rise
The demand for building a BNB Treasury among publicly listed firms has been on the rise recently. Apart from CEA Industries, other Nasdaq-listed firms have pledged a significant portion of their capital to build their strategic BNB reserves. With CEA in the fold, the total corporate commitment to BNB treasuries has surged to over $2 billion as of now.
This shows growing institutional confidence in the overall growth of the Binance ecosystem. With institutional capital flowing in, BNB price could be ready for higher gains, with immediate targets of $1,000.
- Analyst Eyes Solana ATH as 21Shares’ SOL-Focused Jupiter ETP Launches on Swiss Exchange
- Experts Predict Big ETH Rally on Bullish Options, Whales Signal Post-False Break
- US Shutdown: Bitcoin, Gold, and Silver Rally as Govt. Shutdown Odds Jump to 85% on Polymarket
- SEC Halts Trading In Solana Treasury Stock QMMM After Share Price Surges 959%- Market Manipulation?
- BREAKING: BlackRock Amends Bitcoin ETF (IBIT), Ethereum ETF (ETHA) Amid New Milestone
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
