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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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