Binance Founder CZ Owns An Astonishing 64% Of BNB Circulating Supply: Report

Binance Founder CZ Owns An Astonishing 64% Of BNB Circulating Supply: Report
фото показано с : zycrypto.com

2024-6-16 19:35

According to a recent Forbes report, ex-Binance CEO Changpeng “CZ” Zhao personally owns 94 million BNB tokens — which is roughly 64% of the token’s circulating supply.

Forensic analysis carried out by Gray Wolf Analytics and Forbes reveals that 80 million BNB were given to the Binance founding team after the exchange’s launch, and CZ still controls over half of those original tokens.

During Binance’s initial coin offering in 2017, 100 million BNB tokens were issued for the crowd sale. Forbes revealed that the ICO was undersubscribed, indicating the demand didn’t meet the available supply. Per the financial outlet’s analysis, less than 11 million tokens were sold during the ICO. The remaining unsold tokens were moved to Binance-controlled wallets.

Richest US Inmate

The Forbes report further noted that Binance and Zhao jointly own 71% of the 147 million BNB in circulation. CZ’s 90% equity stake in Binance and the value of his crypto stash have propelled him to become the 24th richest person in the world, with a $61 billion fortune. For comparison, Coinbase CEO Brian Armstrong is estimated to have a net worth of $11 billion.

At $606.62 per token, the current market capitalization of BNB stands at around $93 billion. The Binance-linked token has registered a parabolic bull rally that more than doubled the token’s value from lows of around $285 in January 2024 to a lifetime high of $717.48 earlier this month.

In November 2023, Zhao pleaded guilty in the U.S. for violating the Bank Secrecy Act and agreed to step down from his leadership role at Binance and pay a fine of $50 million. As part of the deal, Binance itself agreed to pay a whopping $4.3 billion fine in one of the largest corporate settlements in U.S. history. CZ was given a four-month sentence, which is much shorter than the 36 months recommended by U.S. prosecutors. He recently started his jail term in a low-security facility in California, making him the richest man to ever serve time in a federal prison.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Доступно / Всего 0 BNB

circulating supply report bnb owns tokens million

Источник: zycrypto.com

circulating supply → Результатов: 126


Фото:

USDC Audit Confirms Circulating Supply Up 50% This Year

Wednesday saw Circle release the results of the latest audit performed on the current supply of USDC, and the reserves of fiat the tokens are pegged to. According to the numbers, not only does the company have over 50% more stablecoins in circulation than it did in January, but it also has enough US Dollars […] The post USDC Audit Confirms Circulating Supply Up 50% This Year appeared first on BeInCrypto.

2019-11-21 10:31


Statizex ICO

We defined our development strategy based on empirically acquired knowledge and on the analysis of the work of existing platforms. We spent a lot of time, effort and money developing the statizex platform, faced many challenges and solved many technological issues during its creation, this allowed us to develop a trading platform that fully meets the modern market requirements and high modern technological standards of speed and safety.

2019-10-24 21:03


Львиная доля монет Tether сосредоточена всего на 104 кошельках

$2,8 млрд USDT сконцентрировано на 104 кошельках, что составляет 70% от оборота стейблкоина, сообщает аналитическая компания Intotheblock. Let's talk about #Tether and provide you with a few onchain fundamentals: — There are 104 addresses that control 70% of the circulating supply— In the last 7 days, the total volume of large transactions (greater than $100k) was $2.4b— […]

2019-10-16 15:18


CoinMarketCap Introduces Liquidity Metric In Bid To Increase Data Transparency

CoinMarketCap is changing things up. If you’re wondering why your favorite altcoin is still ranked at three-hundred-something, you’re probably not alone. Ranking the market capitalization of projects is a complicated measurement affected by a variety of data points, including total eventual supply, circulating supply, and others: in the past, some of the factors influencing market […] The post CoinMarketCap Introduces Liquidity Metric In Bid To Increase Data Transparency appeared first on Crypto Briefing.

2019-9-1 17:44


XRP rides the bulls for now, but a bear attack seem inevitable

With a circulating supply of 42,932,866,967 XRP and a market cap of $10,995,406,740 at press time, XRP is just recovering from revisiting its lowest value in quite some time. Looking at the 1 hour chart for XRP, a diamond pattern alongside the MACD indicator suggests a short period of stabilization moving into an upwards breakout […] The post XRP rides the bulls for now, but a bear attack seem inevitable appeared first on AMBCrypto.

2019-8-31 18:30


Tether Stablecoin Wallet Analysis Shows 318 Wallets Control 80% Of All USDT In Existence

Centralization is a well-known problem of crypto markets. People often referred to as whales control a fifth of some markets and have the strength to promote manipulation whenever they want to. Tether, however, seems to be facing an even worse situation: only 318 crypto addresses actually control 80% of the circulating supply of Tether (USDT). […]

2019-8-8 00:08


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

CZ talks about making friends in prison in new interview

Former Binance CEO Changpeng ‘CZ’ Zhao shared insights on life in prison and the future of crypto in his first public interview since his release. At Binance Blockchain Week in Dubai on Oct. 31, Zhao reflected on his four months…

CZ’s first public appearance since release set for Dubai

Former Binance CEO Changpeng ‘CZ’ Zhao will make his first public appearance since stepping down at Binance Blockchain Week in Dubai. According to Zhao’s Oct. 10 X post, the event is slated to be one of the biggest web3 events…