Binance Coin (BNB) has reached a new all-time high near $850 following a 12% weekly price surge, propelled by token burns, whale accumulation, and robust on-chain fundamentals. This milestone significantly increases the net worth of Binance co-founder Changpeng Zhao, whose ownership of approximately 64% of BNB’s circulating supply (89.1 million tokens) now exceeds $75 billion.
Key drivers include BNB Chain’s record-high metrics across Total Value Locked (TVL), stablecoin market capitalization, and PancakeSwap trading volumes. The protocol’s token-burn mechanism continues reducing supply, enhancing scarcity and investor confidence amid institutional demand.
The June 30 Maxwell upgrade further catalyzed momentum by optimizing BNB Chain’s technical performance. Corporate holders like Nano Labs demonstrate institutional trust, while whale accumulation patterns indicate strong bullish sentiment and price stability.
Market analysts attribute the rally to BNB Chain’s growing ecosystem utility and systematic token economics, positioning Zhao among global wealth leaders.