CZ: FUD harms the market, and neither I nor Binance will sell off on a large scale

The founder of Binance, CZ, posted on the X platform stating that FUD (Fear, Uncertainty, and Doubt) harms the market, not the target. He and Binance will not conduct large-scale sell-offs; the so-called "sell" refers to the BNB worth $5 being exchanged and used to pay for coffee.

CZ mentioned that although he no longer operates Binance, to his knowledge, Binance only converts a portion of its revenue to pay fees and is a net holder. Additionally, Binance now has global regulatory agencies that can review every transaction of each account.