Binance founder and former CEO Zhao Changpeng (CZ) stated in a statement on social media platform X that he never sold his BNB assets. Binance Founder Zhao Changpeng: “I Never Sold BNB” “I never sold BNB; I only used it for spending,” Zhao said in his post. “Also, I bought all my BNB with my own money in the early stages of the project; it wasn't given to me for free.” This statement is a direct response to long-standing speculation surrounding Zhao's personal wealth and influence over BNB. As the core token of the Binance ecosystem, BNB is designed to provide discounts on transaction fees and be used in a variety of products. Zhao's statement, “I never sold,” specifically denies the “insider selling” allegations frequently circulating in the market. The former Binance executive has similarly emphasized his long-term confidence in BNB in the past, describing the token's role in the ecosystem as “the backbone of Binance.” Zhao's statement comes amid a recent and steady rise in the BNB price. Experts believe CZ's clear message could boost investor confidence and strengthen positive sentiment toward the BNB ecosystem. *This is not investment advice. Continue Reading: Binance Founder Zhao Changpeng's BNB Statement: "I Never Sold BNB!" Here Are the Details
