CZ Debunks ‘4 Funny FUDs’ As Rumors Swirl Around Binance
Changpeng Zhao has debunked four narratives that have been circulating on social media within the crypto community in recent days, ranging from a fabricated Polymarket screenshot to claims about Binance “dumping” Bitcoin. He argues that traders were stitching together on-chain observations and clipped quotes into conclusions that weren’t supported by the underlying facts.
Former Binance CEO Debunks “FUD”
The first rumor centered on an image framed as a Polymarket market showing odds, circulated by several accounts, as high as “79%” that someone would throw something at Zhao’s face at a crypto event in 2026, supposedly backed by more than $7 million in volume.
Zhao said the market was fictional, writing: “That event does NOT exist on Polymarket. There is no $7m volume. If it did, I would be the first one to throw a cake in my own face.”
Polymarket’s own “CZ predictions & odds” landing page lists various markets historically tied to Zhao, such as questions about his role at Binance, legal outcomes, and other “mention markets”, but no market matching the viral “throw something” prompt appeared there.
A second claim: “CZ cancelled the supercycle” appears to have grown out of Zhao’s comments in a Jan. 30 AMA recap posted on Binance Square, where he described himself as “a bit less confident” about a Bitcoin supercycle than before, while still pointing to longer-term upside.
Zhao rejected the idea that a change in his confidence equated to calling off a market regime shift. “Oh, if I had that power, I wouldn’t be on CT with you a lot. I would be snapping my fingers all day long.”
The third rumor alleged Binance sold $1 billion of Bitcoin over the past weekend when the market saw a severe drawdown. Zhao’s rebuttal drew a sharp line between user flow and corporate activity: he said it was “Binance users” selling on the venue, not Binance itself as principal.
The distinction matters because centralized-exchange trading is largely internal ledger movement; a burst of selling pressure can occur without a corresponding on-chain “Binance sold” footprint. Zhao added that Binance’s wallet balances “only change when users withdrawal,” arguing that observers were treating exchange-labeled addresses like a live P&L feed.
The fourth thread questioned Binance’s execution of its plan to convert the roughly $1 billion SAFU fund from stablecoins into Bitcoin over 30 days, after some users said they couldn’t “see” buying or on-chain movement.
Binance has said it intends to complete the conversion within 30 days and to top the fund back up to $1 billion if market moves push it below $800 million.
Zhao countered: “I am guessing their original plan was to buy it over 30 days and move the funds to the address near the end of the 30 days, or once a week or something. You won’t see them buying using a DEX. Binance is a CEX with the best liquidity in the world.”
Moreover, CZ dispelled speculations that the decision could have a significant impact on the Bitcoin price. “Also, you think $1b over 30 days is going to make a difference for BTC’s $1.7 trillion market cap? That’s 1/1700/30 = … anyway, you do the math. It’s a gesture. Will it help with confidence, your call,” he wrote.
At press time, BNB traded at $767.23.
You May Also Like
Over 60% of crypto press releases linked to high-risk or scam projects: Report
ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse
