Changpeng Zhao’s wealth in BNB has surpassed $75.8 billion, coinciding with the token reaching a new all-time high of $852.1, according to CoinGecko.
At the time of writing, the altcoin’s price has adjusted to $850.55, marking a 6.8% increase over the past day.
According to a Forbes report from June 2024, Zhao owns 64% of the circulating BNB supply, approximately 89.1 million tokens. The businessman previously stated that 98% of his portfolio consists of this asset.
Kronos Research analyst Dominic John linked BNB’s rise to improved on-chain metrics. He noted that TVL, stablecoin capitalization, and volumes on the DEX PancakeSwap have reached 2025 highs.
John also highlighted increased whale activity and corporate demand. For instance, Nano Labs plans to hold up to 10% of the total BNB supply.
Komodo Platform’s CTO Kadan Stadelmann identified the token burn program as a growth factor. He explained that reducing supply and anticipation of future procedures support the asset’s price. He added that whales and corporate investors significantly impact the BNB market.
A recent Maxwell update on the BNB Chain, enhancing blockchain performance, may also have been a positive factor.
Developers of BNB Chain aim to “create a next-generation blockchain” and increase network performance tenfold.