As reported by Fortune magazine,
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during the initial week of Binance co-founder CZ's four-month incarceration in the United States, BNB experienced a historic surge, catapulting him to the position of the wealthiest individual ever held in a U.S. federal penitentiary. According to CoinGecko, BNB reached a peak of $717.48 last Thursday, with its market capitalization exceeding $109 billion, more than doubling since the year's commencement.
Kaiko analyst Dessislava Aubert observed that the recent surge in BNB's value was anticipated by trading patterns in the derivatives market in late May, with Binance continuing to dominate 85% of the global BNB trading volume. Given that a significant portion of CZ's assets are tied to BNB holdings, his net worth has surged by $4.1 billion in 2024. Although CZ has not disclosed the precise amount of BNB he possesses, the white paper of BNB's initial token issuance in 2017 allocated 80 million tokens to the founding team, presently valued at approximately $56 billion.
