The report on Zhao reveals that he is said to control 94 million coins, valued at over $56 billion at current prices. Additionally, it states that he owns approximately 90% stake in the Binance exchange. Despite concerning headlines about the exchange leading to Zhao stepping down from a leadership role and serving a prison sentence, BNB has shown significant growth this year.
The cryptocurrency reached a new all-time high earlier this month, reaching $717. Since its initial coin offering in 2017, BNB has achieved a remarkable 1,497,749% return, playing a key role in Binance’s debut that year. In comparison, the S&P 500 has posted 3,540% in gains throughout its existence as an investment index.
Reports from crypto.news suggest that BNB may retest its all-time high soon and continue its bullish momentum towards higher prices.