BNB Hits New High: CZ’s BNB Net Worth Hits $75 Billion As $180 Million In Longs Get Liquidated

BNB Hits New High: CZ’s BNB Net Worth Hits $75 Billion As $180 Million In Longs Get Liquidated

by SK
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Key Insights:

BNB hit a record high of $850.70 on the back of network upgrades, whale activity and token burns.
CZ now holds an estimated $75.8 billion in BNB alone, which means that he is one of the world’s richest individuals.
BNB’s rally triggered over $180 million in liquidations amid massive market moves to the upside.

 

Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, is now one of the richest people in the world thanks to BNB. The native token of the Binance Smart Chain surged to an all-time high of $850.70 recently, pushing CZ’s holdings past $75.8 billion. 

With 98% of his portfolio in BNB, this latest rally has put CZ in the billionaire spotlight, and has reportedly placed him 23rd on Forbes’ richest list.

Why BNB Is Breaking Records

The asset’s recent surge isn’t a random blip. It is the result of strong market fundamentals and whale accumulation.

Over the past week, BNB gained 12% with its price rising above its previous all-time high of $809.84. This move helped the cryptocurrency to break a two-year resistance level and started what many analysts are calling an “expansion phase.” 

BNB’s rise in price, Source: TradingView

In short, BNB is finally moving out of its long consolidation period and into a more aggressive upward trend.

Amid this rally, Binance’s regular token burns has worked hand in hand with institutional investment from firms like Nano Labs and WindTree Therapeutics.
And BNB could be eyeing higher highs.

CZ’s Wealth Boom

Back in June of last year, Forbes reported that CZ held 64% of BNB’s circulating supply, which was roughly 89.1 million tokens. Now with BNB now trading at over $835, those holdings alone are worth over $75 billion. 

This figure doesn’t even include his reported 90% stake in Binance or his small Bitcoin holdings.

Earlier this year, CZ confirmed on Binance Square that 98% of his crypto portfolio was held in BNB, and the value of his BNB stash is now more than the net worth of industrial giants like Julia Koch, who holds 42% of Koch Industries. 

Liquidations, Volume, and Open Interest Surge

As BNB touched new highs, the general market reacted accordingly. Nearly $180 million in crypto positions were liquidated according to Coinglass, with short sellers bearing most of the brunt. 

This liquidation spree affected over 77,000 traders in just 24 hours, Coinglass data shows.

BNB’s liquidation spree, Source: Coinglass

The liquidations aren’t just a side effect, they’re a signal. They show that bullish sentiment is aggressive. In addition, open interest has now broken above $1.3 billion, which shows an increase in participation and confidence.

Meanwhile, daily trading volume surged past $5 billion, and has marked the highest level in months. In summary, this isn’t a rally driven by hype alone. It’s being backed by real capital and solid fundamentals.

Can BNB Reach $1,000?

With BNB’s market cap now sitting at $114.6 billion, it has become the fourth-largest altcoin, or the fifth with USDT included. The traction has analysts predicting that the token could soon break the psychological $1,000 mark.

Some bullish predictions even show that the token could rise to $1,800–$2,000 by the cycle top, especially if current network growth and current trends continue.

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