Market FUD Intensifies as CZ Addresses Rumors Directly
Recently, a wave of negative rumors about CZ and Binance has swept through the crypto market, fueling intense discussion across the community. In response, CZ posted on social media, describing these claims as highly imaginative. He noted that while some critics are energized by these rumors, others are understandably concerned, prompting him to clarify the facts in one comprehensive statement.
(Source: cz_binance)
Fake Prediction Event on Polymarket
Addressing a widely circulated rumor about a Polymarket prediction event, CZ made it clear that no such event exists. There is no record of this project on Polymarket or any prediction market platform, and a $7 million trading volume is simply impossible. CZ even joked that if the event were real, he would gladly own up to it and might celebrate in creative ways—maybe even wear a hard hat for his next selfie.
CZ Refutes Claims of Ending the Bull Market Cycle
Some market voices have suggested that “CZ ended the crypto supercycle.” CZ responded with humor, saying that if he truly had the power to control market cycles, he certainly wouldn’t still be chatting on social media. He emphasized that he was simply expressing less confidence than before, not announcing the end of the bull market, and he does not possess any ability to steer market trends.
Binance Allegedly Sold $1 Billion in Bitcoin
Responding to allegations that “Binance sold $1 billion in BTC,” CZ clarified that these were trades executed by Binance users, not by the platform itself. Since most users keep their assets in Binance wallets for trading, the overall wallet balance typically remains stable unless there is a significant withdrawal of funds.
Concerns Over SAFU Fund’s BTC Conversion
The market also raised concerns about Binance’s announcement to convert the SAFU Fund to Bitcoin, as no immediate on-chain transactions were observed. CZ explained that the official plan was to complete the conversion gradually over 30 days rather than all at once. He speculated that the process likely involves buying in batches, with the final amount transferred to the designated address at the end, rather than conducting public trades on a DEX, since Binance is the most liquid centralized exchange.
He added that purchasing $1 billion in BTC over 30 days would have minimal impact on the Bitcoin market, which has an estimated total market capitalization of $1.7 trillion. This move is largely symbolic, and whether it restores market confidence is up to participants to decide.
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Conclusion
CZ’s response goes beyond simply debunking rumors; it highlights the ongoing issue of information distortion in the crypto market. In a highly emotional, fast-paced social environment, FUD tends to spread faster than facts and can easily influence investor decision-making. His statement encourages the market to focus on data and actual operational logic, rather than sensational headlines, to better understand the true relationship between platform actions and market volatility.
