The crypto world is buzzing today after CZ (Changpeng Zhao) officially unfollowed Anatoly Yakovenko (Toly), the co-founder of Solana, on X. This isn't just social media noiseâit marks a major fallout between two of the industry's biggest titans.
â𧔠The Backstory: What Sparked the Feud?
âThe tension traces back to the devastating October 10th flash crash (often called the "10/10 crash").
âThe Accusation: OKX founder Star Xu posted a scathing critique, blaming Binanceâs "irresponsible marketing" for the crash. He argued that Binanceâs high-yield USDe campaigns created a dangerous "leverage loop" that systemic risk couldn't handle.
âThe Repost: Toly retweeted Star Xuâs post, adding a sarcastic remark: "It has only been 18 months since the incident and it has recovered." This was seen as a direct jab at Binance, contrasting Solanaâs recovery from the FTX collapse with the current market turmoil.
âThe Reaction: CZ, known for his "Ignore FUD" mantra, responded with the ultimate digital snubâa direct unfollow.
âđ Why This Matters for the Market
âIndustry Division: This move signals a growing rift between major exchanges (Binance vs. OKX) and ecosystem leaders (Solana).
âNarrative War: The debate over who caused the 10/10 crash is intensifying. Critics point to exchange-led leverage, while others defend the market's natural deleveraging process.
âSentiment Shift: While it hasn't directly impacted the price of $SOL or $BNB B yet, high-level friction like this often precedes regulatory scrutiny or shifts in institutional confidence.
âđĄ My Take (@MujtabaXBT )
âIn a market already suffering from $5 billion in liquidations, the last thing we need is "Founder Wars." However, Tolyâs sarcasm highlights a deeper competitive tension that has been brewing since Solana reclaimed its bull market highs.
âAre you Team CZ or Team Toly? Is this just ego, or is there truth to the OKX claims? Letâs discuss below! đ
â#WhenWillBTCRebound CZ #Solana #Binance #CryptoNews #Toly #OKX #marketcrash #MujtabaXBT #WriteToEarn
âDisclaimer: This post reflects current social media trends and market news. Not financial advice.