Binance co-founder Changpeng Zhao's (CZ) net worth has soared, rapidly climbing the world's wealthy rankings. Recently, Binance Coin (BNB) reached an all-time high of $850.70, and CZ's BNB holdings have exceeded $75.8 billion, placing him 23rd on the Forbes Global Rich List.
According to blockchain analytics firm Nansen, CZ currently holds approximately 89.1 million BNB, representing 64% of the total circulation. When considering Binance's additional 7% holdings, his control becomes even more substantial. Forbes previously reported in June that CZ owns 90% of Binance's shares, with most of his assets still concentrated in BNB. He directly disclosed that "98% of his entire portfolio is BNB".
This BNB surge is evaluated as a result of fundamental improvements rather than a short-term trend. Dominic John, an analyst at Kronos Research, analyzed that "the on-chain vitality, including the all-time high Total Value Locked (TVL) on the BNB chain, stablecoin supply expansion, and increased PancakeSwap trading volume, has driven the price up". Additionally, Nano Labs' plan to purchase up to 10% of the circulation is providing momentum to treasury buying demand.
Regular token burning to control BNB mining volume is also playing a significant role in price appreciation. With a total supply limited to 200 million BNB, periodic token burning stimulates the psychology of long-term holders and whale investors. Kadan Stadelmann, CTO of Komodo, emphasized that "burning increases scarcity and raises price appreciation expectations", particularly noting the accumulation trends of major influential holders.
The BNB chain recently improved network speed and validator coordination efficiency through the 'Maxwell' upgrade, and this technological advancement is also acting as a key factor driving the upward market.
Meanwhile, Bitcoin (BTC), Ethereum (ETH), and XRP are also showing concurrent strength in this rally, with the cryptocurrency market demonstrating clear investment inflows due to recovering risk appetite. BNB has broken through psychological resistance lines, standing shoulder to shoulder with world-class large corporations in terms of market capitalization.
Market experts predict that BNB's upward momentum will continue unless there are significant macroeconomic shocks. However, increased volatility and profit-taking desires following the rapid surge may require investors to approach with caution.
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