Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB

While several theories emerged, the Binance CEO asserted that no BTC or BNB trading activity is happening behind the scenes.

BTC $25,895 to artificially stabilize the price of its BNB (BNB) token.

The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating the market to artificially inflate the value of BNB.