New data showed that public holders dominate BNB distribution.
Blockchain analytics firm YZi Labs has reported that ownership of Binance Coin (BNB) has become widespread across the network.
More tokens have entered self-custody and exchange-held public wallets.
BNB ownership profile
According to the latest data from YZi Labs, roughly 66-67% of BNB’s total supply is held by public participants, including exchange users and those in self-custody wallets. About 27% of the supply is controlled by the BNB Foundation, which maintains a burn reserve used for programmatic token burns, a mechanism designed to reduce supply and gradually strengthen BNB’s deflationary model.
Meanwhile, Binance’s treasury accounts for approximately 4-5% of circulating BNB, serving operational and custodial functions. Binance founder Changpeng “CZ” Zhao personally owns less than 1% of the total supply.
YZi Good held that the largest labeled wallets are primarily associated with brand, operational or custody purposes, rather than control or speculative holdings. The company said this distribution structure suggests that BNB has evolved into a broad-based, transparent asset, and that most of the offering is managed through open on-chain mechanisms rather than centralized ownership.
In terms of price action, BNB has traded mainly between $1,000 and $1,300 over the past month, facing significant volatility but generally maintaining a sideways trend. The token started the month around $1,008 and rose sharply in the first half of October to reach an all-time high above $1,300. However, this rally was followed by a steady correction as prices fell towards the $1,050-$1,100 range.
Even as BNB struggled to regain its previous highs, the token’s exposure to US markets appears to be expanding as new financial instruments such as BNB digital asset treasuries (DATs), ETFs, and listings on major exchanges such as Robinhood and Coinbase provide indirect access to US-based participants.
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These developments allow investors to gain exposure to the BNB using fiat currency, without outright purchases.
CZ’s comeback
In a related development, CZ recently received a “full and unconditional” pardon from US President Donald Trump, a move that many industry observers believe could ease certain legal restrictions on Binance related to previous US government cases. However, the pardon quickly led to controversy.
US Senator Elizabeth Warren branded the decision as “corruption” and claimed he had funded Trump-linked crypto ventures before asking for clemency. CZ denied the allegations, clarifying that there was no money laundering, only a violation of the Bank Secrecy Act, and accused Warren of spreading misinformation. He also suggested that political bias under the Biden administration influenced his prosecution.
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