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HomeCRYPTOCURRENCY ALTCOINIs Changpeng Zhao Engaging in Price Manipulation of BNB

Is Changpeng Zhao Engaging in Price Manipulation of BNB

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YEREVAN (CoinChapter.com) — A recent report by Forbes indicates that Changpeng Zhao (CZ), the former CEO of Binance, holds a significant portion of the circulating supply of Binance Coin (BNB), amounting to 64%. This translates to around 94 million tokens. Gray Wolf Analytics conducted a forensic analysis revealing that 80 million BNB tokens were originally assigned to the Binance founding team, with the company retaining control of 46 million of these tokens. This has raised concerns about the possibility of CZ manipulating BNB prices in the past few years.

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