Changpeng Zhao, founder of Binance, announced on November 2 via X that he purchased BNB during its initial TGE eight years ago, maintaining his holdings since.
CZ's long-term BNB commitment highlights his stake in Binance's future, influencing market perceptions and possibly stabilizing BNB's market sentiment.
CZ's Eight-Year BNB Hold Boosts Market Confidence
Zhao's long-term holding strategy affirms his dedication to BNB, which could bolster market confidence. His transparency aligns with Binance's aim to solidify its position in the crypto sector.
The community responded positively, with no significant price shifts recorded. Binance remains influential, though some users noted that the lack of major institutional or regulatory announcements keeps broader market impacts minimal.
"I bought some BNB in the first month of BNB's TGE 8 years ago and have been holding ever since (except for some spent portions)," said Changpeng Zhao, Founder of Binance.
BNB's Resilience Amid Market Fluctuations and Zhao's Strategy
Eight years of holding BNB significantly aligns with traditions where founders bolster market sentiment through long-term investment actions.
As of November 2, 2025, CoinMarketCap reports BNB trading at $1,081.42 with a market cap of $148.95 billion. The 24-hour trading volume decreased by 5.11%. Over 30 days, prices fell by 8.42%, but BNB showed resilience over 90 days, rising 40.72%.
Research from Coincu suggests Zhao's holding exemplifies a strategic commitment to long-term growth. BNB's market performance reflects this influence, contributing to Binance's continued dominance and innovation in cryptocurrency services.