The amount of BNB in CZ's portfolio was astounding!
Former #Binance CEO Changpeng Zhao (CZ) reportedly owns 64 percent of the circulating supply of BNB (94 million tokens).
The Forbes report revealed that CZ holds a very large portion of the BNB circulating supply. According to forensic analysis conducted by Gray Wolf Analytics and the financial institution, 80 million BNB was allocated to the Binance founding team and the company currently controls 46 million of these original tokens.
The report also stated that #Binance and #CZ jointly hold 71 percent of the 147 million BNB in circulation. Zhao's 90 percent stake in Binance and the value of his crypto assets make him the 24th richest person in the world, with an estimated net worth of $61 billion.
BNB is the native token used for fees and rewards on the Binance exchange. The maximum supply of the utility token is 200 million and there is more than 153 million #BNB circulating in the market.
The current market value of BNB, at $593 per token, is over $91 billion. BNB has been enjoying a bull run, more than doubling from a low of around $290 in January 2024 to a high of $724 in June.
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