Binance founder Changpeng Zhao (CZ) shared his portfolio, showing an overwhelming allocation to Binance Coin (BNB).
His Binance account holds 98.5% in BNB and 1.5% in Bitcoin (BTC). This portfolio structure clearly shows his confidence in the BNB ecosystem.
However, it is likely that he holds substantial amounts of other BNB-related tokens, like Trust Wallet Token (TWT), PancakeSwap (CAKE), and Test Token (TST), in different accounts. His strategic positioning strongly suggests faith in Binance’s long-term growth and its ecosystem.
BNB is currently trading at $636.78, reflecting a 2.62% drop in the past 24 hours.
The market capitalization is at $90.72 billion, also down by 2.63%. Trading volume has gone down by 11.20%, indicating less market participation.
The price initially l…
The post CZ’s BNB-Heavy Portfolio Looks Rough as Ecosystem Tokens Slide: BNB, TWT, CAKE, TST Price Analysis appeared first on Coin Edition.