BNB (BNB), the native token of BNB Chain, surged to $614 on Sept. 27, marking a 25.7% gain over three weeks. This is the first time BNB has closed above this level since June 2024, sparking speculation that the bullish momentum could extend further. However, some market participants attribute the rally to the release of Binance founder Changpeng “CZ” Zhao from US custody after four months of detention. Since BNB’s performance closely mirrors the broader altcoin market over the past three weeks, there is little support for the theory that CZ’s release is driving the rally. Nevertheless, some te…