Binance co-founder Changpeng “CZ” Zhao reported that BNB Holdings rocked an estimated amount of $ 75.8 billion while the token violated new all-time highs on Monday.
Bnb (Bnb) tapped a new high $ 850.70 on Monday, According to Kay Nansen. Analysts said token burn, rising chain metrics and whale activity could be the reason for rising prices.
A June 2024 The Forbes report holds CZ holding 64% of Moving -moving The BNB supply of 139.3, with kinance controlling another 7%, which means the former crypto exchange CEO holds around 89.1 million tokens.
In February, CZ Says In a Binance Square post 98% of his portfolio was on BNB, and 1.32% in Bitcoin (Btc).
The richest list of Forbes with the richest billionaire has him rank In number 23, with a net worth $ 71 billion, based on a reported 90% stake in Binance and his BNB stash.
Only $ 75.8 billion from BNB puts him above American philanthropist Julia Koch and his family, with a 42% stake in Koch Industries, the second largest privately held company in America.
BNB spikes based on rising chain metrics
Dominick John, an analyst in Kronos Research, told Cointelegraph that the 12% BNB increase in the last seven days came amid the rising chain metrics, such as the total amount locked (TVL), Stablecoin Market Cap and decentralized crypto exchange pancakeswap volume of all climbing at 2025 all-time highs.
Related: The BNB chain of BNB has been rebounding in the middle of the institutional, defi adoption
At the same time, he said, whale wallets stacked in BNB and the Demand of Treasury are taking. Chinese microchip firm nano labs iN June kicked its plan to hold up to 10% of total transferring BNB supply.
“In order to maintain this momentum, Treasury’s demand needs to remain stable, BNB chain metrics such as TVL and Pancakeswap volumes should keep trending, and quarterly burns will need to continue cutting the supply, all while avoiding any major negative Macro news that can shake the market.”
BNB Smart Chain’s upgrading Maxwell, which lived on June 30, also sparked speculation -haaka that a rally may be around the corner. At this time, the BNB chain team said upgrading will create faster blocks, better validator coordination, and better network performance.
BNB burn and whales can also be a factor
BNB’s initial supply was set to 200 million coins, but the supply gradually decreases due to token burn Binance started to reduce the number in circulation.
Kadan Stadelmann, chief officer of the Komodo platform technology, told Cointelegraph that the token Burn token program could have significant implications for the token price.
“The token Burn program will decrease in supply, and in and on its own is an attempt to assist BNB prices.”
“Binance has conducted many BNB tokens in the past, which both reduced supply and also led investors to expect more tokens to come. The latest token Burn produces this hypothesis,” Stadelmann added.
Stadelmann said whales and corporate investors also use “incredible -believing influence” on smaller markets such as BNB and Proof-of-Stake Blockchains like Binance.
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