BNB Holdings reported by Binen’s co-founder Changpeng “CZ” Jhao on Monday, the token broke the new all-time high, as well as the estimated price of $ 75.8 billion.
According to Nansen, BNB (BNB) secured a new high of $ 850.70 on Monday. Analysts stated that tokens can be caused by burn, rising chain metrics and whale activity prices.
The June 2024 Forbes report stated that CZ has a 64% stake in the 139.3 BNB supply, which controls another 7%, which means that the CEO of the former Crypto Exchange has about 89.1 million tokens.
In February, CZ said in a post on Benance Square that his portfolio had 98% in BNB, and was 1.32% in Bitcoin (BTC).
Forbes the list of richest billionaires has ranked him 23rd, with a total assets of $ 71 billion, based on a 90% stake in the banns and his BNB Stash report.
From BNB alone $ 75.8 billion placed him over American philanthropic Julia Coach and his family, with a 42% stake in the second largest private company Coach Industries in the US.
BNB spike based on growing chain metrics
Dominic John, an analyst of Chronos Research, told the Cointeletgraph that in the last seven days, BNB’s 12% growth comes between chain matrix, such as total value lock (TVL), Stabilcin Market Cap and Recentrated Cripto Exchange Penakeswap Volume Al-Faming to 2025 All-time high.
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At the same time, he said, whale purses are stacking the demand for BNB and Treasury. In June, Chinese microchip firm Nano Labs discontinued its plan to catch up to 10% of BNB’s total circulating supply.
“To maintain this speed, the demand for the treasury needs to be strong, TVL and Pancakeswap volumes such as BNB chain metrics have to be trended, and quarterly burns will have to continue the supply cuts, all to avoid any major negative macro news that can shake the market.”
The Maxwell upgrade of the BNB Smart Chen, which went live on June 30, also speculated that a rally could be around the corner. At that time, the BNB chain team stated that the upgrade was going to create a fast block, better verification coordination and smooth network performance.
BNB Burn and Whale can also be a factor
The initial supply of BNB was determined on 200 million coins, but the supply is gradually decreasing because due to the token burns initiated by the benns to reduce the number in circulation.
Kadan Stadelman, Chief Technology Officer of Komodo platform, told the Cointalagraph that token burn programs could be significant implications for the price of tokens.
“The token burn program will reduce the supply, and is an attempt to assist in the price of BNB in itself.”
Stadelman said, “Benance has organized several BNB tokens in the past, which has reduced the supply and also motivated investors to expect more tokens.
Stadelman said that whales and corporate investors also have “ratioless effects” on small markets such as BNB and proof-of-set blockchain.
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