Changpeng “CZ” Zhao, co-founder of Binance, saw his BNB holdings value soar to approximately $75.8 billion as the token reached an all-time high of $850.70. Analysts attribute the price surge to factors including token burns, improved chain metrics, and whale activity. CZ reportedly holds around 89.1 million BNB tokens, with earlier disclosures indicating that 98% of his investment portfolio is in BNB. This substantial holding has positioned him as the 23rd richest individual globally, surpassing investors like Julia Koch. Additionally, recent increases in BNB’s total value locked (TVL) and trading volume on PancakeSwap are seen as signs of robust demand. However, to maintain this momentum, consistent treasury demand and ongoing token burns are crucial, along with positive market conditions. The BNB supply, which started at 200 million, is intentionally reduced through regular token burns, fueling investor expectations of future price increases. Crypto experts highlight the significant influence of large-scale investors or whales on BNB’s market dynamics, particularly as demand for the token continues to grow.

Source 🔗