$BNB
CZ Directly Rebuts Binance's Selling Rumors!
$5 BNB for Coffee Becomes "Sell-Off Confirmation"?
On January 30th, Binance founder CZ responded to various negative rumors circulating about Binance. He stated that these rumors had little impact on him personally, but rather drew more attention to him. However, he argued that such false information would harm the entire crypto market, causing losses for all participants.
CZ clarified that neither he nor Binance had engaged in any large-scale selling of BNB. The so-called personal selling involved, at most, converting approximately $5 of BNB into cash for everyday expenses, such as buying a cup of coffee. He also emphasized that although he no longer directly manages Binance, to his knowledge, Binance only converts a portion of its revenue into operating funds, maintaining a long-term holding and accumulation strategy for BNB.
CZ also mentioned that Binance is now under the scrutiny of global regulatory bodies, and every transaction and account on the platform can be audited. He urged users not to be misled by rumors, but to focus on improving themselves and doing things that have a positive impact on the market.
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