Changpeng Zhao’s Net Worth Soars to $75.8B as Binance (BNB) Price Hits All-Time High

The post Changpeng Zhao’s Net Worth Soars to $75.8B as Binance (BNB) Price Hits All-Time High appeared first on Coinpedia Fintech News

Binance co-founder Changpeng “CZ” Zhao has seen his net worth skyrocket as Binance Coin (BNB) touched a new all-time high of $850.70 on Monday. According to blockchain analytics firm Nansen, CZ’s holdings in BNB alone are now estimated to be worth over $75.8 billion, firmly placing him among the richest individuals in the world.

BNB Price Surge Fuels CZ’s Net Worth

A June 2024 Forbes report revealed that CZ holds around 64% of the circulating BNB supply, roughly 89.1 million tokens, while Binance holds another 7%. With the recent price surge, CZ’s BNB stash now exceeds the wealth of figures like Julia Koch, propelling him to 23rd on Forbes’ global rich list. This is based on his combined holdings in BNB and his reported 90% stake in Binance.

In a February post, CZ disclosed that 98% of his portfolio remains in BNB, further amplifying his gains as the token climbs.

What’s Driving the Binance Price Rally?

The rally isn’t random. Kronos Research analyst Dominick John attributed BNB’s 12% weekly gain to rising on-chain activity. He cited all-time highs in BNB Chain’s total value locked (TVL), growing stablecoin supply, and increased PancakeSwap trading volume as key contributors. Meanwhile, whale wallets have been loading up on BNB, and treasury demand is growing, especially following Nano Labs’ move to accumulate up to 10% of circulating BNB.

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The recent “Maxwell” upgrade to BNB Smart Chain, which went live on June 30, has also been credited for improving network speed and validator coordination, adding fuel to bullish sentiment.

Burns, Whales, and Momentum

Another major driver behind BNB’s price action is Binance’s ongoing token burn program. With a capped supply of 200 million, BNB’s regular burns are reducing its circulating supply. Komodo CTO Kadan Stadelmann emphasized that these burns increase scarcity and build expectations of future appreciation, especially among whales who already wield strong influence over BNB’s market.

With fundamentals aligning and whale activity intensifying, BNB’s momentum could continue, unless macro shocks shake investor confidence.