Binance’s CZ Unfollows Solana’s Toly Amid Market Criticism

2 mins mins

Key Points:

Binance founder CZ unfollows Solana co-founder Toly on X platform.
Incident ties to accusations regarding Binance’s trading activities.
No immediate financial impact on key cryptocurrencies noted.

Binance founder Changpeng Zhao (CZ) unfollowed Solana co-founder Anatoly Yakovenko (Toly) on X following a contentious retweet by Toly about Binance’s alleged role in a crypto market crash.

The evolution highlights potential ripples in crypto community dynamics, affecting sentiment around Solana and associated tokens yet lacks direct market or financial impact evidence.

CZ’s Unfollow Sparks Tensions Over Market Manipulation Claims

CZ’s unfollow of Solana’s Toly’s X account stirred significant attention within the cryptocurrency community. This followed Toly’s retweet of a post from OKX Star accusing Binance of causing last October’s crypto market crash, sarcastically noting its slow recovery.

The unfollowing action by CZ may indicate rising tensions between major crypto figures and companies. Though the incident involves prominent industry leaders, no direct quotes from CZ or Toly verify the occurrence on official accounts. Lookonchain, On-Chain Analyst, noted, “CZ has unfollowed Solana co-founder Toly’s X account.”

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Despite the speculations surrounding Binance’s trading practices, there has been no evidence of immediate financial impact on core tokens like SOL (Solana) due to this event. However, CZGOAT, a meme token linked to CZ, saw a minor gain, highlighting community focus on CZ’s actions.

Solana’s Market Data and Potential Regulatory Implications

Did you know? The crypto community has seen high-profile disagreements before, but a direct unfollow by exchange leaders remains rare, underscoring potential industry divisions.

According to CoinMarketCap, Solana’s (SOL) price was $117.60, with a market cap of $66.60 billion as of January 31, 2026. Despite a recent 1.93% rise in 24 hours, it faced a 7.44% decline over the past week. SOL’s trading volume reached approximately $5.18 billion over the same period.

solana-daily-chart-380 — Solana(SOL), daily chart, screenshot on CoinMarketCap at 07:38 UTC on January 31, 2026. *Source: CoinMarketCap*

The Coincu research team indicates that this situation could intensify investigations into Binance’s operations and heighten surveillance of market manipulation, especially if major industry figures remain involved. These dynamics could influence technological innovations and regulatory frameworks within the crypto space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.