Binance Coin (BNB) has surged to a new all-time high above $850, significantly increasing the net worth of Binance co-founder Changpeng Zhao. Zhao, who owns over 64% of BNB’s circulating supply, now holds assets valued at more than $75.8 billion due to this unprecedented price appreciation.
The token’s growth is closely tied to Binance Smart Chain’s ecosystem expansion, where total value locked (TVL) reached $7.15 billion. This milestone was driven by heightened decentralized finance (DeFi) engagement and staking activities across the network, creating sustained demand for BNB.
Despite stepping down as Binance CEO in 2023, Zhao’s substantial holdings and leadership influence remain central to the exchange’s market dominance. The price surge reflects both Binance’s commanding position in the crypto industry and BNB’s increasing utility within its expanding ecosystem.
Market analysts attribute the token’s appreciation to fundamental network activity, with rising DeFi transactions and staking mechanisms continuing to underpin BNB’s value proposition and strengthen its position in the cryptocurrency market.