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…