Binance Founder CZ on BNB's Price Performance
CZ, the founder of Binance, has addressed the recent strong price performance of BNB, 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, reinforcing confidence that the token's movement is entirely market-driven. The success of BNB comes from its builders, community, and deflationary design, unlike many projects that depend on external market makers to support prices.
CZ's comments reflect the exchange's consistent focus on market integrity and user protection, as seen in Binance's pledge to compensate users after the USDe depeg.
BNB's price has remained above $1,100 despite Friday's crypto market crash, with analysts praising the stability of the token.
Author's Summary
CZ attributes BNB's success to its community and design.
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