Odaily Planet Daily News Twitter user Phyrex tweeted, "Binance's FTT holdings have increased significantly since 3 a.m. Beijing time on November 9. Currently, there are nearly 42 million FTTs stored in all ERC20 addresses controlled by Binance. CZ not only did not sell any FTT, but increased his holdings by nearly double." In response, He Yi, co-founder of Binance and head of Binance Labs, said: 1. Binance Labs does have a lot of FTT, which was originally planned to be sold out in a few months; after SBF made the call, the sale was suspended, and it would be meaningless to sell it again when it plummeted; the reason is the same as when Luna plummeted. We did not sell. 2. The increase should be the user's recharge, and Binance did not increase its holdings. In order to avoid misunderstandings in the community, a little explanation may break some conspiracy theories, but it is better to be transparent. According to previous reports, Binance still holds a position of 5% of the total supply of FTT after giving up the acquisition of FTX.