Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB

Binance CEO Changpeng Zhao Denies Rumors

Recently, rumors have been circulating that Binance CEO Changpeng Zhao is selling Bitcoin to bolster BNB. However, Changpeng Zhao has categorically denied these rumors. He has stated that he has no intention of selling any of his Bitcoin holdings and that he is committed to supporting the growth of the BNB token.

In a recent tweet, Changpeng Zhao said that he is “fully committed to the success of BNB” and that he will continue to support its growth. He also stated that he has “no intention of selling any of my BTC holdings” and that he is “fully invested in the success of BNB.”

These statements from Changpeng Zhao are a clear indication that he is committed to the success of BNB and that he has no intention of selling any of his Bitcoin holdings. This should put to rest any rumors that he is selling Bitcoin to bolster BNB.

Rumors of Selling Bitcoin

Recently, rumors have been circulating that Binance CEO Changpeng Zhao is selling Bitcoin to bolster BNB. This has been denied by Changpeng Zhao himself, who has stated that these rumors are false and that he has no intention of selling Bitcoin to support BNB.

The rumors originated from a tweet by an anonymous Twitter user claiming that Zhao had sold off a large amount of Bitcoin to prop up BNB. This tweet has since been deleted, but it sparked a wave of speculation that Zhao was indeed selling Bitcoin to support BNB.

Changpeng Zhao has since denied these rumors, stating that he has no intention of selling Bitcoin to support BNB. He also stated that he is not selling any of his own Bitcoin holdings, and that he has no plans to do so in the future.

The rumors have caused some concern among BNB holders, as it could potentially lead to a drop in the price of BNB. However, Changpeng Zhao has assured BNB holders that he is not selling any Bitcoin to support BNB, and that the rumors are false.

BNB Price Increase

The rumors of Binance CEO Changpeng Zhao selling Bitcoin to bolster BNB caused a significant increase in the price of BNB. This increase was mainly driven by speculation that Binance was using its large Bitcoin reserves to prop up the price of BNB. The rumors were quickly denied by Changpeng Zhao, who stated that Binance had no plans to sell any of its Bitcoin reserves.

The increase in the price of BNB was further fueled by the news that Binance had launched a new exchange called Binance DEX. This new exchange was designed to allow users to trade cryptocurrency without having to trust a third-party exchange. The launch of Binance DEX was seen as a positive development for BNB, as it was expected to increase the demand for the token.

The rumors of Binance selling Bitcoin to bolster BNB have since been debunked, but the price of BNB has continued to rise. This is likely due to the increased demand for the token, as well as the increased confidence in the Binance platform. As of this writing, BNB is trading at around $20.30, up from its previous price of around $14.50.