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CZ states that Binance does not plan to sell its BNB holdings.
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Binance converts a portion of its BNB revenues to settle expenses.
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BNB under pressure to sell, triggering FUD in holders.
Binance founder Changpeng Zhao dismissed fears that the cryptocurrency exchange would sell off “Meaningful amounts” of its BNB. Zhao acknowledged in his latest post at X that there is a lot of FUD about the cryptocurrency market but said it doesn’t affect the end goal.
CZ and Binance are not engaging in unusual BNB transactions
The former Binance CEO explained how he sells BNB. He noted that he uses the cryptocurrency for routine transactions such as paying with his card at a coffee shop. He also reiterated that he has no intention of selling his BNB holdings.
Zhao clarified, however, that his opinion on Binance’s plan to not sell BNB is based on what he knows. He said that he does not run the crypto exchange, but he understands that Binance converts a small portion of BNB revenue into cash to pay for expenses. He called the company a “Large Hoarder.”
Zhao also informed his followers that Binance is now under the supervision and review of a global regulator who will be reviewing its trading activities. This implies a proper monitoring of Binance’s activities and ensuring that there is no ‘foul-play’ or potential backdoor transactions which could result in market manipulating.
Bearish pressure piles on BNB
BNB lost approximately 3.7% from its opening price on Friday. The pullback was a continuation of the previous day’s decline, resulting in a total loss over 7.5% within 48 hours. Crypto traders are more concerned with the cryptocurrency’s future on a longer timeframe.
TradingView data shows that BNB failed to break above 0.236 Fibonacci despite multiple attempts. Such a behavior is usually indicative of a lack bullish momentum, and could lead traders and investors to become more bearish.
BNB was trading at $846 as of the time of this writing, a 38% drop from its all-time high price of $1,375 that it reached in October 2025.
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