CZ's Denial and Clarification
• Binance founder Changpeng Zhao (CZ) has publicly denied recent rumors claiming he sold large amounts of Binance's native token, $BNB.
• In a clear statement on social media, CZ emphasized that he has "never sold any BNB," except for tokens used for his personal spending.
• He clarified that the tokens he holds were not received through airdrops but were purchased with his own money during Binance's early days.
Impact and Market Reaction
• This clarification came amid growing speculation on social media about whale movements and alleged "dumping" of BNB, which caused concerns in the crypto community.
• CZ's statement has been widely received as transparent and reassured many investors about the token's stability.
• CZ also highlighted that his personal holdings represent less than 1% of the total BNB supply, indicating that he does not control or manipulate the market at large.
• His openness has helped to calm fears and reinforce confidence in Binance and its ecosystem.
Underlying Factors and Future Outlook
• The rumors that triggered this response are believed by many analysts to be part of coordinated fear, uncertainty, and doubt (FUD) campaigns by competitors or detractors.
• Meanwhile, large-scale investors ("whales") have shown continued support for BNB, contributing to its resilience in volatile market conditions.
• In summary, CZ stands firm on holding BNB tokens personally without large-scale selling and continues to back the token’s long-term potential, which sends a positive message to the Binance community and crypto markets overall .
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