BNB High Boosts CZ’s Holdings to $75.8 Billion

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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, according to Nansen. Analysts said token burns, rising chain metrics and whale activity could be reasons for the price hike.

A June 2024 Forbes report noted CZ holds 64% of the 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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BNB High Boosts CZ’s Holdings to $75.8 Billion


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, according to Nansen. Analysts said token burns, rising chain metrics and whale activity could be reasons for the price hike.

A June 2024 Forbes report noted CZ holds 64% of the circulating BNB supply of 139.3, with Binance controlling another 7%, meaning the former crypto exchange CEO holds around 89.1 million tokens. 

In…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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