CZ: FUD damages the market, and neither I nor Binance will engage in large-scale sell-offs.

Binance founder CZ stated on the X platform that FUD (fear, uncertainty, and doubt) harms the market, not the target. He and Binance will not engage in large-scale sell-offs. The so-called "sell-off" refers to the redemption of $5 worth of BNB from a credit card transaction to pay for coffee. CZ stated that although he no longer runs Binance, to his knowledge, Binance only redeems a portion of its revenue to cover fees and is a net holder. Furthermore, Binance now has global regulatory oversight that allows for the review of every transaction in every account.