🚀 BNB Makes CZ the Richest Inmate in U.S. History
Binance Coin (BNB), the native token of Binance, recently hit an all-time high of $725 on June 6, just a week after founder Changpeng Zhao (CZ) was sentenced to four months in a U.S. prison.
🔹 BNB's Surge:
BNB’s price rise made CZ the wealthiest inmate in U.S. history.
Despite legal troubles, BNB’s market cap surpassed $109 billion (CoinGecko).
🔹 Binance’s Growth:
The value of assets on Binance grew from $80 billion in January to $125 billion.
#Binance paid a record $4.3 billion fine to settle with U.S. authorities.
🔹 BNB Benefits:
BNB holders get reduced trading fees on Binance.
Used to pay fees on Binance Smart Chain, popular for crypto applications.
🔹 Market Insights:
Analyst Dessislava Aubert noted increased BNB demand from June 2 to June 5.
Binance accounts for 85% of BNB’s global trading volume (Bloomberg).
🔹 CZ's Wealth:
CZ’s net worth is estimated at $38.5 billion, primarily in BNB.
Ranked the 40th richest person globally with a $4.1 billion increase in 2024 (Bloomberg Billionaires Index).
🔹 Current Price:
BNB is trading at $610, down 20% from its peak but up 170% year-to-date.
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Disclaimer: The above information is for educational purposes and not financial advice. Always do your own research before investing.
