Binance Coin (BNB) surged to an all-time high of $804, fueled by robust market demand and underscored by holdings linked to Binance founder Changpeng Zhao (CZ). The price milestone reflects strong investor confidence and strategic positioning within the cryptocurrency market.
Approximately 64% of BNB’s total supply belongs to CZ, amounting to an estimated $76 billion at current valuations. This significant stake contributes to token stability, while CZ’s separate net worth—excluding BNB—stands at $59.7 billion, ranking among global wealth leaders.
The Altcoin Season Index signals a growing capital shift toward alternative cryptocurrencies, hinting at a potential fear-of-missing-out (FOMO) driven rally across the sector.
Market experts emphasize the importance of transparency and strategic considerations for investors navigating the volatile altcoin environment.