$BNB reached a new high of $850.70 on Monday, according to Nansen data. Analysts pointed out that token burns, increased on-chain metrics, and whale activity could be the reasons for the price increase.

A Forbes note in June 2024 stated that Zhao owns 64% of the circulating supply of BNB of 139.3 million coins, and Binance controls another 7%, meaning that the former CEO of the cryptocurrency exchange owns around 89.1 million tokens.

In February, Zhao said in a post on Binance Square that 98% of his portfolio was in BNB, and 1.32% in Bitcoin. Forbes' list of the richest billionaires ranks him at 23rd, with a net worth of $71 billion, based on a reported 90% stake in Binance and his BNB holdings.