Binance’s native cryptocurrency, BNB, has hit a milestone that few would have predicted just a year ago.
With its market value climbing to nearly $142 billion, BNB now ranks as the 155th largest asset globally, edging out tech giant Intel, whose capitalization stands at $138 billion, according to data from 8market.
The surge was driven by BNB’s price rally above $1,020, which also had a dramatic effect on the fortune of Binance founder Changpeng Zhao. Forbes previously estimated Zhao’s personal holdings at 89.1 million BNB. At current valuations, those holdings are worth close to $91 billion, making him one of the wealthiest figures in crypto.
A Portfolio Dominated by BNB
Interestingly, Zhao’s crypto portfolio also includes various other assets, most of them meme tokens sent unsolicited by developers hoping to attract attention. Tokens like SHORT, SIREN, QUQ, and JANITOR appear large in unit count but hold negligible real market depth or credibility.
Despite having some diverse holdings, BNB remains the principal cryptocurrency Zhao is known to actively own and endorse. Analysts caution that inflated supply figures for these so-called “gifting coins” cloud their actual worth, making BNB the anchor point of Zhao’s financial landscape.
Growing Influence in Global Asset Rankings
BNB’s remarkable ascent past Intel is indicative of a broader trend where top cryptocurrencies are increasingly finding themselves in the same arena as traditional corporate giants in global market cap tables. Although the volatility characteristic of cryptocurrencies remains far greater than that of equities, this trend emphasizes the growing influence of digital assets within the global economy.
For Binance and Zhao, this milestone symbolizes how far cryptocurrency has come and highlights how swiftly fortunes can change within this volatile sector. The intersection of traditional finance and cryptocurrencies is becoming more pronounced, attracting attention from both institutional and retail investors seeking opportunities in this evolving market.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
