The altcoin market witnesses a significant surge as BNB, the native token of Binance, surpasses $700 and establishes a new all-time high of $711.56, stimulating discussions around the potential arrival of the altseason. BNB's rapid ascent by over 10% in less than a day has caught the attention of analysts, foreseeing further growth momentum. The surge in BNB's price is directly linked to the active engagement on Binance's Launchpad and Launchpool, where staking BNB enables users to participate in token distributions. The introduction of Notcoin (NOT) on these platforms has contributed to the positive momentum of BNB. Bernd Sischka, the Chief of Commercial Officer at PowerTrade, reports a surge in BNB options trading, indicating a surge in interest and potential market fluctuations leading to the 2024 peak. Altcoins, particularly BNB and TON, have experienced significant market value boosts, with TON emerging as one of the top 10 cryptocurrencies. The rise of BNB's market value beyond $100 billion sparks speculations on the initiation of the altseason.