Binance CEO Denies ETH Delisting Rumors, Calms Market Fears
- Binance’s Changpeng Zhao addresses Ethereum delisting rumors, calming market.
- Ethereum’s price affected by delisting speculations.
- Clarifications bring stability, addressing market fears effectively.
Binance CEO Changpeng Zhao addressed rumors regarding the potential delisting of Ethereum on Binance, refuting such claims publicly through official channels on March 29, 2025.
Zhao’s statement is significant as it addresses growing concerns among investors, stabilizing Ethereum’s market after a brief period of uncertainty.
Zhao Confirms No Plans to Delist Ethereum
Binance’s Changpeng Zhao issued a strong refutation of Ethereum delisting rumors.
Citing no intention to remove ETH, Zhao provided clarity during a widely shared online session.
Ethereum faced market pressure due to these false claims, affecting its valuation.
The alleged delisting news caused temporary volatility. ETH’s inclusion is reaffirmed by Binance, a leading exchange platform. Market dynamics showed heightened sensitivity to such speculations, emphasizing Zhao’s role in market reassurance.
Zhao’s Response Stabilizes Ethereum Market
Zhao’s proactive response mitigated immediate market tension, causing remedial effects on Ethereum’s valuation. Initial rumors led to a dip in investor confidence, which stabilized post clarification.
According to CoinMarketCap, Ethereum’s price stood at $1,847.27, with a market cap of $222.88 billion as of March 29, 2025. The market saw a 24-hour volume of $11.96 billion, with a 31.77% decline. Ethereum experienced price changes of -2.24% in 24 hours, -6.98% over seven days, -20.33% for 30 days, and further declines over 60 and 90 days.
“Whoever believes this deserves to be poor. 😂” — Changpeng Zhao (CZ), Founder and former CEO of Binance
Past Rumors Highlight Need for Clear Communication
Similar delisting rumors previously induced market anxiety. In earlier cases, lack of official communication intensified effects. Zhao’s prompt actions were vital in maintaining investor trust.
Experts suggest the exchange’s transparent communications strategy could prevent future panic and volatility. Rumors often wield significant influence on crypto markets, emphasizing the importance of factual confirmation from platforms like Binance.
