TLDR
- CZ said he has never sold BNB except for minor personal spending.
- YZi Labs reports CZ holds less than 1% of BNB’s total supply.
- Binance community shows mixed reactions to CZ’s public response.
- BNB Foundation controls 27% of tokens for scheduled burns.
Changpeng Zhao, known as CZ, has rejected claims that he sold Binance Coin (BNB) during recent market swings. The Binance founder addressed growing speculation on social media suggesting he was offloading large amounts of BNB amid price volatility. His public clarification came as investors closely watched major token holders following sharp market fluctuations in recent weeks.
CZ Clarifies His BNB Holdings
In a direct post on X, CZ stated that he has “never sold any BNB,” except for small amounts used for personal expenses. He explained that he purchased his BNB during Binance’s early days and not through any airdrop or private allocation. The message came after rumors spread online alleging he was selling large amounts of the token during the recent downturn.
His response quickly gained attention across crypto communities, with many traders and analysts reacting to his statement. Some users supported his transparency, while others questioned why the clarification was necessary. The post also generated light humor, with one user joking, “You’re openly admitting you’re selling Airbnb,” referencing a mistranslation that spread online.
Market Reactions and Community Discussions
CZ’s denial drew mixed reactions from the crypto community. Supporters described him as a long-term believer in the Binance ecosystem who continues to hold through both bullish and bearish periods. “BNB’s success today is due to user confidence,” one influencer wrote. “True believers don’t just talk, they hold.”
However, some users expressed skepticism about the timing of the clarification. “When a founder feels the need to clarify holdings publicly, something may already be wrong,” one trader commented. Despite differing opinions, CZ’s statement dominated discussions across social platforms, reflecting the close attention given to Binance’s leadership and its founder’s actions.
Report Shows CZ Holds Less Than 1% of Total Supply
The denial follows a detailed report released by YZi Labs earlier this week. The report showed that CZ personally owns less than 1% of the total BNB supply, which currently stands at 100 million tokens. Public investors collectively hold about 66–67% of BNB across exchanges and self-custody wallets.
Meanwhile, the BNB Foundation controls approximately 27% of the supply for scheduled token burns. Binance’s treasury holds between 4–5%. The report described BNB as a key token that powers transactions on the BNB Chain and supports decentralized applications in the growing Web3 space.
Maintaining Trust Amid Market Uncertainty
CZ’s clarification appears aimed at calming investor concerns during a volatile market period. His remarks also reinforced his image as a long-term holder and builder within the Binance ecosystem. “Together we continue to build,” he wrote in a follow-up message, signaling his focus on ongoing development rather than token trading.
Market observers say such public statements can help stabilize sentiment, especially when rumors gain traction quickly online. Binance remains one of the largest cryptocurrency exchanges globally, with BNB serving as its core utility token for transaction fees, staking, and ecosystem rewards.
As of now, CZ maintains that he remains fully committed to the network’s growth. His statement may serve as reassurance to the Binance community, emphasizing that he has not sold his BNB holdings and continues to focus on expanding the ecosystem.
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