Binance Square has introduced a new feature called Trader Profile. This tool allows users to publicly disclose the composition of their cryptocurrency holdings. Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, has made his portfolio visible through this platform, showcasing a significant confidence in the cryptocurrency he helped found.
Binance Co-Founder Holds 98.48% in BNB, Reveals Trader Profile Feature
According to a recent report, Changpeng Zhao, the Binance co-founder, has demonstrated commitment to his company’s native token, Binance Coin (BNB), by allocating a vast majority of his investment portfolio to it. Zhao’s holdings in BNB make up 98.48% of his total assets, underscoring his belief in the token’s value and the Binance ecosystem.
Despite the heavy concentration in BNB, Binance co-founder maintains a diverse though small portion of his portfolio in other cryptocurrencies. He holds 1.32% of his assets in Bitcoin (BTC), suggesting strategic diversification.
More so, the remaining portion of his portfolio consists of minor holdings in EURI and USDT. CZ holds 0.17% in EURI, a stablecoin tied to the Euro, and 0.03% in USDT. These holdings suggest a minimal position in stablecoins, with most of his assets committed to Binance-related investments.
This revelation comes just days after the Binance founder confirmed that BNB donations had surpassed $1 million. He is now seeking community input on the best way to distribute the funds.
Foresight Ventures Invests $25M in BNB Chain Incubation
Meanwhile, in related news on investments surrounding Binance’s ecosystem, Foresight Ventures has announced a commitment of up to $25 million to support projects within the BNB Chain’s Incubation Alliance for the year 2025. This investment will fuel the growth of promising blockchain startups, leveraging the established BNB Chain infrastructure.
The initiative, led by BNB Chain and YZi Labs, focuses on accelerating Web3 startups. The funding will be distributed through grants, incubation programs, and direct investments, assisting projects in scaling their development.
BNB Price Action and Prediction
As Binance continues to expand its influence and operations, the price of BNB has shown remarkable resilience and growth. Recently, BNB price reached the $650 mark, fueled by positive market sentiments and strategic initiatives by Binance.
Apart from Binance Co-founder investments, analysts suggest that BNB price could surpass the $660 resistance level and move toward the $700 mark. With Binance US resuming operations and regulatory landscapes becoming more favorable, the top exchange strategic efforts to strengthen its presence in key markets contribute to a positive outlook for BNB price
BNB price is trading at $634.75, with a market cap of $90.43 billion. The 24-hour trading volume stands at $1.67 billion, reflecting recent market activity. The price has seen fluctuations, with a high near $650 before trending downward.
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