Binance Founder CZ on BNB's Price Performance
Binance founder CZ addressed BNB's recent strong price performance, stating that its strength lies in its builders, community, and deflationary design.
Many projects have a market maker.
CZ clarified that none of his affiliated entities had bought or sold BNB in recent weeks, ensuring the token's movement is market-driven. He emphasized BNB's ecosystem, which stands apart from other projects that rely on external market makers.
CZ's comments reflect Binance's focus on market integrity and user protection, as seen in their pledge to compensate after the USDe depeg.
Analysts praise the stability of the token, with BNB's price remaining above $1,100 despite Friday's crypto market crash.
Autor's resume: CZ explains BNB's success factors.