BNB Skyrockets 15%—Fueling Wild New Rumors About CZ’s Billion-Dollar Crypto Stash

Binance's native token just pulled off a gravity-defying rally—and suddenly everyone's recalculating Zhao Changpeng's net worth.

Here's why the market's buzzing:

The BNB pump coincides with whispers of institutional accumulation. Whale wallets have been swelling since Q2, though whether that's strategic positioning or just hype-chasing depends on who you ask.

Meanwhile, crypto Twitter's flooded with 'CZ wealth tracker' threads—because nothing excites degenerates like counting other people's money.

Funny how a 15% green candle makes everyone forget last year's regulatory circus. The SEC might still be holding a grudge, but today? Today we moon.

Zhao’s BNB Holdings Stir Wealth Debate

Forbes contends that Zhao possesses around 95 million BNB tokens, indicating his control over 64% of its supply. Zhao has previously confirmed that nearly his entire portfolio consists of BNB, which at current altcoin prices, amounts to $76 billion. In addition to BNB, Zhao owns significant stakes in Binance and other assets.

Bloomberg calculates Zhao’s net worth at $59.7 billion, solely considering his company shares, and assigns the lowest confidence score to this estimate. The low confidence stems from the lack of public disclosure regarding Zhao’s personal crypto assets. Although the theoretical figure might be much higher, estimations remain speculative without official confirmation. Crypto Traders Are Rushing to This App – Here’s Why You Should Too

Altcoin Index Rises Amidst FOMO Warnings

The Altcoin Season Index shared by Zhao, powered by CoinMarketCap, currently sits at level 54. This level indicates altcoins gaining strength relative to Bitcoin$118,167. The upward trend in the index suggests a capital shift towards altcoins. The former Binance CEO predicts that this movement is far from over, alleging an imminent FOMO period where investors might panic and rush to buy.

Indeed, BNB’s record-breaking performance and the Altcoin Season Index data signal a heightened appetite for risk in the market. The 15% rise in BNB coin within a short period has grabbed investors’ attention, refocusing interest on the Binance ecosystem. Zhao’s recent statements serve as a catalyst, further fueling the optimistic sentiment prevalent in the market.