Binance Founder CZ Denies Selling BNB Amid Dumping Claims

Binance founder Changpeng “CZ” Zhao has denied recent claims. That suggests he sold large amounts of BNB, the native token of Binance. His response comes amid growing chatter on social media accusing him of “dumping” BNB during market turbulence.

CZ Says He Never Sold BNB

In a direct reply on X, CZ stated that he has “never sold any BNB,” except for those used for personal spending. He also clarified that he did not receive his tokens through airdrops. But he bought them with his own money during the early days of Binance. The post came after rumors circulated online that CZ was offloading BNB amid recent price fluctuations. 

His comment quickly went viral, drawing reactions from traders, analysts and supporters across the crypto community. One user joked, “You’re openly admitting that you’re selling Airbnb,” poking fun at a translation quirk. Others praised CZ’s transparency, while some questioned why the Binance founder felt the need to make a public clarification at all.

Community Reactions Mixed

CZ’s statement sparked lively discussions online. Supporters called him a “true believer” who held his tokens through bull and bear markets. One popular crypto influencer wrote, “BNB’s success today is due to the confidence of its users. True OGs don’t just talk, they hold.” Others, however, were more skeptical. “Transparency is cool,” one trader commented, “but when you need to clarify this publicly, something’s already off.” 

Some users also joked about whether CZ still holds Bitcoin or if he continues to buy other crypto assets quietly. Meanwhile, several long-time Binance fans shared lighthearted comments. Which suggests CZ could use his BNB to participate in Binance’s Launchpool offerings. That have historically delivered strong returns.

Report Shows CZ Holds Less Than 1% of Supply

The clarification follows a detailed report released by YZi Labs earlier this week. The report revealed that CZ personally holds less than 1% of the total BNB supply. This currently stands at 100 million tokens. According to the findings, public investors hold around 66-67% of BNB either on exchanges or through self-custody. The BNB Foundation allocates about 27% for programmatic token burns. While Binance’s treasury holds 4-5%. The report also emphasized BNB’s role as a key transaction token within the growing Web3 ecosystem. That powers BNB Chain’s on-chain operations.

A Long-Term Holder’s Legacy

CZ’s defense underscores his long-standing reputation as a builder who prefers to hold rather than trade. His claim of buying BNB early with his own money. That highlights his deep belief in the ecosystem he helped create. As the crypto market continues to shift, CZ’s comments may help calm investor nerves. Still, the timing of his statement suggests that even industry veterans are not immune to market scrutiny. Currently, CZ maintains that he remains committed to BNB’s vision, not as a seller. But as someone who continues to build.