The crypto market is buzzing again, and Binance Coin (BNB) is at the center of it. BNB has hit a new all-time high of $804 per token, attracting attention from investors and the crypto community.
CZ's Wealth and Holdings
CZ's wealth is closely tied to BNB. According to Forbes, he owns around 64% of the token’s circulating supply, which is about 95 million BNB. At current prices, that stash is worth roughly $76 billion. Bloomberg currently lists CZ’s net worth at $59.7 billion, but this figure does not include his crypto holdings, which are private.
Altcoin Momentum and CZ's 'FOMO Season' Statement
CZ referred to the CoinMarketCap Altcoin Season Index, which has now reached 54 out of 100. This indicates that altcoins are beginning to outperform Bitcoin. He emphasizes that this may suggest the start of a *'FOMO season,'* where investor interest could rapidly push prices higher.
BNB's Role in the Crypto Community
BNB plays a vital role in the Binance ecosystem, offering trading fee discounts, powering the BNB Chain, and supporting the growth of decentralized applications and Web3 projects. This utility creates a strong foundation for BNB, even as price speculation continues.
As the cryptocurrency market continues to gain momentum, BNB remains in the spotlight due to its utility and role in the Binance ecosystem. However, investors should be aware of the high volatility and risks associated with this market.
