Binance co-founder Changpeng “CZ” Zhao’s reported BNB holdings have rocketed past an estimated value of $75.8 billion as the token breached new all-time highs on Monday.
BNB (BNB) tapped a new high of $850.70 on Monday, data-ct-non-breakable=”null” href=”https://app.nansen.ai/token-god-mode?tokenAddress=0xeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee&chain=bnb&tab=transactions” rel=”noopener nofollow” target=”_blank” title=”null”>according to Nansen. Analysts said token burns, rising chain metrics and whale activity could be reasons for the price hike.
A data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/former-binance-ceo-cz-64-percent-bnb-circulating-supply-report” title=”null”>June 2024 Forbes report noted CZ holds 64% of the data-ct-non-breakable=”null” href=”https://www.coingecko.com/en/coins/bnb” rel=”noopener nofollow” target=”_blank” title=”null”>circulating BNB supply of 139.3, with Binance controlling another 7%, meaning the former crypto exchange CEO holds around 89.1 million tokens.
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