The Binance CEO officially talked about all the rumors which were claiming that the Binance exchange manipulated the BNB coin price.
Binance is a global crypto trade platform. This exchange stands at the top rank in the crypto sector by 24-hour Crypto trade volume on this platform. Last week the American securities regulatory body SEC sued Binance & its American subsidiary BinanceUS over providing crypto staking services & unregistered securities offerings.
Following the SEC’s 13 charges against BinanceUS, many people started to create fud & rumors against Binance exchange’s native coin Binance Coin (BNB).
Market analyst Dylan LeClair alleged that Binance sold Bitcoin to inflate the BNB coin trade price. Also, Swan Bitcoin CEO Cory Klippsten, riticized Binance with similar allegations on behalf of the rumors & news.
On 14 June 2023, Binance CEO Changpeng Zhao (CZ) officially responded on this matter & confirmed that Binance never trade BTC or BNB and never manipulated BNB trade price.
Further, CZ also asserted a fact & said that millions of people are trading BNB coins & also it is possible to know who traded/trading BNB.
BNB coin
However people know that BNB is a native coin of the Binance exchange but still, Binance never considers BNB as a native coin, instead always stated that BNB was an independent crypto coin & crypto Project from Binance’s crypto business empire.
In the present time, the majority of the BNB coin holders are in a panic situation, as the SEC marked BNB coin as a security crypto token.
The current trade price of the BNB coin is $249 & this trade price is 6.27% high than the last 24 hours’ trade price.
Read also: BinanceUS hits back against the SEC (Court filing)
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