CZ: FUD Does Not Hurt the Target but Damages the Market

Changpeng Zhao (CZ), Binance founder and former CEO, posted on X stating that FUD (fear, uncertainty, and doubt) does not hurt targets such as himself, but it negatively impacts the broader market.CZ stated that neither he nor Binance has engaged in any meaningful large-scale selling. He explained that his personal selling is limited to routine card payments, giving an example where approximately $5 worth of BNB is converted to cover everyday expenses such as coffee.He added that while he no longer runs Binance, based on his understanding, the company only converts a portion of its revenue to cover operating expenses and remains a net holder overall. CZ also noted that Binance now has a global regulator that is able to review trades across accounts on the platform.CZ emphasized that the public should avoid being misinformed and encouraged individuals to focus their efforts on positive self-improvement.