CZ’s cryptic “forgiveness” tweet has sparked speculation, as traders linked it to allegations of a recent market dump. | Credit: David Ryder / Stringer / Getty Images.
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CZ’s cryptic “forgiveness” tweet has sparked speculation, as traders linked it to accusations of market dumping.
The comments come after BNB hit a record high before easing slightly, while ASTER saw a sharp drop after its debut but quickly rebounded.
While some accused CZ of manipulation, experts argue the token’s moves fit standard patterns.
Binance founder Changpeng Zhao, better known as CZ, has once again become the focus of crypto market chatter after posting a cryptic message about “forgiveness.”
Shortly after posting, many traders quickly connected the remark to recent price swings and allegations of “token dumping” tied to his name.
The post came just days after CZ tried to present the recent volatility in Binance Coin (BNB) and ASTER as a natural and healthy part of crypto markets.
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On Sept. 23, CZ wrote to his 10.1 million followers on X: “Forgiveness is a virtue!🙏”
The short message was enough to set off a wave of speculation, with some traders interpreting CZ’s comment as a thinly veiled response to “dump” allegations the previous day.
I forgive you dumping the market yesterday, can you pump it back now
The comments followed a dramatic week for two tokens closely tied to him.
BNB surged to an all-time high of $1,054 before easing back to $1,024, still up 11 percent on the week, according to CoinGecko.
$ASTER has shown signs of recovery | Source: CoinMarketCap
Meanwhile, ASTER, the new token launched by YZi Labs, Zhao’s family office, plunged more than 30 percent from its debut high of $1.94 to $1.33, before rebounding to around $1.73, up over 16 percent in the last 24 hours.
The divergence left investors questioning whether Zhao’s remarks were meant to cushion sentiment, especially as ASTER’s retreat was widely attributed to profit-taking after its explosive debut.
CCN Analysts on the Dip
Market watchers framed ASTER’s swings as textbook volatility.
“The sharp retreat was likely fueled by profit-taking after its explosive rally,” CCN analyst Victor Olranrewaju said.
He suggested that if momentum returns, ASTER could target $2.50 in the near term.
“If this trend continues, ASTER may avoid a prolonged correction and set its sights on higher highs,” he said.
However, the timing of Zhao’s “forgiveness” post, paired with online accusations of “dumping,” highlights the continued scrutiny around tokens linked to him.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
