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.
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.
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.
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.
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.
BNB is up today because of rising TVL, whale purchases, PancakeSwap volume, and strong post-upgrade network performance.
CZ holds around 89.1 million BNB tokens, accounting for roughly 64% of the circulating supply, according to a Forbes 2024 report.
CZ’s BNB holdings are now worth over $75.8 billion, placing him 23rd on Forbes’ global rich list as of July 2025.
BNB burns reduce supply, increasing scarcity. This drives price appreciation as investor demand and whale interest grow steadily.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Crypto Prices Today: BTC, ETH, XRP, SOL, ADA Asian crypto markets today kicked off with…
Story Highlights The live price of the Polkastarter token is The POLS price might hit…
The crypto market is never quiet for long and Bitcoin is once again at a…
A massive Bitcoin mystery from 2020 has resurfaced, but this time, it’s not just about…
While most people still associate blockchain with Bitcoin and NFTs, a Reddit thread is reminding…
The energy around FUNToken ($FUN) is building again. Across Telegram chats and crypto forums, long-time…
