Key Highlights:
- CZ clarified that he has not sold his BNB coins.
- The founder also clarified that all his BNB token were bought and not received through airdrops.
- With these clarifications, he wants to be transparent with the community and maintain their trust.
Changpeng Zhao (CZ), former CEO of Binance, recently clarified details about his personal Binance Coin (BNB) holdings to maintain transparency as interest and market activity around BNB has increased. CZ posted on X (formerly known as Twitter), to settle the circulating rumours, stating that he had never sold his BNB tokens. CZ added that the only BNB he has ever used was for small spending purposes.
CZ explained that he personally bought his BNB during Binance’s early days, and he did not receive the tokens through airdrops or any special distributions. This is an important clarification as CZ is one of the most influential person from this industry.
What Exactly Happened?
Earlier in 2025, rumours and social media chatter began circulating and accusing the Binance founder CZ of selling large amounts of Binance Coin (BNB) when the market was unstable. The rumours suggested that CZ was dumping BNB tokens amid price fluctuations, causing concerns among the traders and investors.
Today, when the founder posted about Binance Blockchain Week being held in Dubai, one of the users commented “You’re publicly admitting that you sold BNB” as a reply to a series of other comments. In response to this specific user’s post, CZ clarified himself by denying the fact that he had never sold any BNB and that all the BNB had been bought by him and none of the tokens were ever received as airdrops. With this post, he put an end to all the rumours and reinforced his position as a long-term holder.
Moreover, a report has been posted by the YZi Labs (formerly known as Binance Labs), highlighting that CZ holds only 1% (0.9% to be precise) of the total BNB supply. This report also indicated that the majority of the tokens were mostly distributed amongst the public holders such as BNB Foundation, and the Binance Treasury. This distribution also confirms that there is a decentralized ownership and not a centralized control by the founder.
Market Reactions After the X Post
This clarification by CZ’s quickly caught the attention of the crypto community. The community members started to have intense discussions across the social media platform. A few of the community members praised his clarification. They called this move as it is a sign of transparency and appreciated CZ.
Other few, however, questioned as to why was such a statement necessary if no selling ever took place. The reaction grew louder because BNB had recently hit the $1,300 mark, there had been increased institutional participation and renewed confidence in the project’s long-term outlook.
This is not the first time that the founder of Binance has had to shut down wild speculation about him and the exchange. Back in February 2025, there were rumours going around that Binance was up for sale. CZ later denied these rumours and clearly stated that Binance was not for sale, and he still remains an active shareholder of the exchange. Ye Hi, co-founder of Binance, also stepped in and called the claims baseless and clarified that it was all driven by competitor FUD.
With these clarifications, CZ is putting an end to the speculations and increasing trust in Binance and him. This was important because Binance is facing a great competition from the industry, regulatory pressure from the regulators and increased market attention due to increased activity on BNB. His clarification indicates that most important thing in this industry is user trust which can only be gained and maintained through transparency and accountability within the crypto industry.
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