Binance Founder CZ Refutes Claims of BNB Sell-Off
- CZ denies selling BNB, saying his holdings were self-funded in Binance’s early days.
- On-chain data confirms no token outflows from wallets linked to the Binance founder.
- YZi Labs’ report shows that Zhao holds less than 1% of BNB’s total 100 million supply.
Binance founder Changpeng Zhao (CZ) has denied widespread claims that he sold his BNB tokens following social media allegations of token dumping. The statement came days after U.S. President Donald Trump pardoned Zhao on October 23, leading to public scrutiny of the Binance founder. His response coincides with BNB’s over 10% monthly rise and Binance’s latest 1.5 million BNB burn, designed to cut token supply.
CZ Says He Never Sold Any BNB
In a post on X, CZ stated he has “never sold any BNB,” except for minor amounts spent personally. He clarified that he purchased all his tokens during Binance’s early stages using his own funds.
CZ added that none of his holdings came from airdrops or free allocations. His remarks followed increasing speculation online accusing him of offloading BNB amid recent market fluctuations. Independent analysts checked blockchain data and found no big token moves from wallets tied to CZ, supporting his claim.
He seemed to respond mainly to stop false stories from spreading on social media. His post quickly caught attention, with mixed reactions from the crypto crowd. Some praised his honesty, while others wondered why he had to speak out.
Community Reactions and Investor Sentiment
The crypto community reacted strongly to CZ’s post. Supporters called him a “long-term holder,” noting that he has held onto his BNB through both good and bad market times. Others, however, argued that such public clarifications often emerge only when rumors grow too strong to ignore.
CZ’s direct message came as BNB’s value rose more than 10% this month. The recent price increase is linked to growing activity in the BNB ecosystem and Binance’s quarterly burn, which permanently removed 1.5 million BNB from supply. The token’s wider use in Web3 apps and payments has also drawn more investor interest.
As prices rose and discussions spread online, attention turned to CZ’s personal holdings. Many in the crypto space highlighted how founder transparency helps build trust. CZ’s statement about his ownership stands out, especially compared to other projects where founders sell off large portions early.
Related: BNB Meme Frenzy Sees 70% of Traders in Profit Amid CZ Buzz
Report Confirms Zhao’s Small Share of BNB Supply
According to a report by YZi Labs released earlier this week, CZ personally holds less than 1% of BNB’s total 100 million token supply. The report showed that public investors hold around two-thirds of all BNB tokens, while Binance’s treasury keeps about 4–5%.
The BNB Foundation uses roughly 27% of the tokens for ongoing burns to help control inflation. It also noted that BNB’s use continues to grow across Binance’s system and other decentralized apps.
The token plays a key role in paying transaction fees and running smart contracts on the BNB Chain. Analysts said that even though CZ now owns a smaller share, his influence remains strong because of his role in shaping the project’s future and reputation.
His denial of selling BNB matches his past comments that he focuses on building, not trading. His remarks reflect the same approach Binance had in its early days, when contributors bought tokens with their own money instead of getting free ones.
CZ’s response fits his usual clear and open communication style aimed at stopping false claims. His point that all his BNB was self-funded highlights his personal commitment to the project. On-chain data and independent reports back up his statement, adding more trust to his claim.
Zhao’s recent comments, together with BNB’s steady rise and Binance’s token burn plan, suggest stability in an uncertain market. His actions show that strong, accountable leadership still matters in crypto, especially when public trust is always being tested.
