BNB Approaches $804 High as Changpeng Zhao’s Holdings Exceed $76 Billion Amid Altcoin Momentum

Key Points

1. BNB, Binance's native token, hit a new all-time high of $804, driven by a strong altcoin market rally.

2. Changpeng Zhao, former CEO of Binance, holds approximately 64% of BNB's total supply, valued at over $76 billion.

3. Bloomberg estimates Zhao's net worth at $59.7 billion, ranking him 26th globally, though this figure may not fully account for his crypto holdings.

4. Market indicators like CoinMarketCap’s Altcoin Season Index suggest growing investor interest in altcoins over Bitcoin.

5. The surge in BNB and Zhao's holdings underscores the increasing influence of altcoins in the cryptocurrency market.