365Crypto
Binance co-founder Changpeng “CZ” Zhao just got a lot richer.
His BNB holdings are now worth over $75.8 billion after the token hit $850.70.
That’s 64% of BNB’s circulating supply, according to Forbes.
Binance itself holds another 7%.
Back in February, CZ said that 98% of his portfolio was in BNB.
He’s clearly betting big on it—and it’s paying off.
Why Is BNB Pumping?
Crypto analysts say token burns are shrinking supply fast.
Also, BNB Chain’s numbers are up: TVL, stablecoin activity, and PancakeSwap volume all spiked.
This kind of growth attracts whales and big investors.
Nano Labs even plans to hold 10% of BNB’s total supply.
What’s Driving the Demand?
BNB’s latest upgrade—Maxwell—went live on June 30.
It speeds up block times and improves validator performance.
That’s great for users and devs building on the chain.
Token burns are also in play.
Binance regularly destroys BNB to reduce supply.
Less supply + more demand = higher price.
Simple economics, crypto-style.
CZ is now the 23rd richest person in the world, ahead of Koch Industries’ Julia Koch.
Not bad for a guy who used to flip burgers.
