- CZ says Binance is not planning to sell off its BNB holdings.
- Binance converts portions of its BNB revenue to settle expenses.
- BNB is under selling pressure, triggering FUD among holders.
Binance founder Changpeng Zhao has dismissed fears about the cryptocurrency exchange selling off “Meaningful Amounts” of its BNB holdings. In his latest post on X, Zhao acknowledged the current FUD surrounding the cryptocurrency market, but noted that it does not affect the ultimate target.
CZ and Binance Are Not Engaging in Unusual BNB Transactions
The former Binance CEO explained his regular way of selling BNB, noting that he simply uses the cryptocurrency to settle routine transactions, such as swiping his card when paying for coffee. Besides that, he reaffirmed that he had no intentions of selling off his BNB holdings either.
In the meantime, Zhao clarified that his opinion about Binance’s plans not to sell off BNB was borne out of what he knows. He stated that he no longer runs the crypto exchange but understands that Binance simply converts a portion of its BNB revenue to pay for expenses. He described the company as a “Large Net Hoarder.”
Meanwhile, Zhao informed his followers that beyond Binance’s internal administrative structure, the crypto exchange is now under the supervision of a global regulator that reviews its trading activities. That implies proper monitoring of its activities and ensuring the absence of ‘foul play’ or potential back-door transactions that could result in market manipulation.
Bearish Pressure Piles on BNB
BNB slipped lower on Friday by losing approximately 3.7% of its value from the session’s opening price. The pullback marked an extension of the previous day’s decline, reflecting a total loss of over 7.5% in less than 48 hours. In the meantime, crypto traders are more concerned about the cryptocurrency’s outlook on the higher timeframe.
Data from TradingView reveals that BNB has failed to break above the 0.236 Fibonacci level despite several attempts. Typically, such a behavior signals a lack of bullish momentum and could lead to increased bearish pressure, triggering FUD among crypto traders and investors.
BNB traded at $846 at the time of writing, reflecting a 38% pullback from an all-time high of $1,375, which it achieved in October 2025.
Related: BNB Price Prediction: Ascending Structure Holds As Buyers Press Against Descending Resistance
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