BNB Surges 12% to $850.70 Record High as CZ’s Holdings Hit $75.8 Billion, $180M Liquidations Triggered

BNB, the native token of the Binance Smart Chain, reached an all-time high of $850.70, driven by network upgrades, whale accumulation, and ongoing token burns. Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, now holds an estimated $75.8 billion in BNB alone, securing his position among the world’s top billionaires. The token’s surge triggered over $180 million in liquidations, primarily affecting short sellers, as traders struggled with leveraged positions during the rapid price movement [1].

The rally marked a significant breakout after years of consolidation, with BNB rising 12% in a week to surpass its previous record of $809.84. Analysts attribute this momentum to Binance’s strategic initiatives, including regular token burns and institutional investments from firms like Nano Labs. The price action reflects strong demand for BNB’s utility in transaction fees, staking, and governance, solidifying its role in the Binance ecosystem [1].

CZ’s wealth boom is closely tied to BNB’s performance. With 98% of his crypto portfolio in the token, his holdings now rival the net worth of traditional finance figures. For instance, CZ’s BNB stash exceeds the value of Koch Industries CEO Charles Koch’s stake in the conglomerate. This wealth concentration underscores the growing influence of crypto executives in global finance, as blockchain projects generate assets with valuations comparable to traditional industrial enterprises [1].

The liquidation event highlighted the risks of leveraged trading during volatile market conditions. Over 77,000 traders faced margin calls within 24 hours, according to Coinglass data, as bullish sentiment drove open interest above $1.3 billion. Daily trading volume surged past $5 billion, the highest in months, signaling increased participation and confidence in BNB’s trajectory. While short-term volatility remains a concern, the token’s fundamentals—such as Binance’s expanding infrastructure and partnerships—suggest long-term resilience [1].

Analysts have speculated on BNB’s future price potential, with some projecting a breach of the $1,000 psychological barrier. Optimistic forecasts even suggest the token could rise to $1,800–$2,000 if current trends persist. However, these predictions remain speculative, as the market’s reaction to liquidations and regulatory scrutiny will play critical roles in shaping BNB’s path. The interplay between CZ’s personal wealth and the token’s market dynamics also raises questions about governance and ownership structures in crypto projects [1].

Source: [1] [BNB Hits New High: CZ’s BNB Net Worth Hits $75 Billion As $180 Million In Longs Get Liquidated] [https://www.livebitcoinnews.com/bnb-hits-new-high-czs-bnb-net-worth-hits-75-billion-as-180-million-in-longs-get-liquidated/]