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 emphasized that BNB's ecosystem is different, as it does not rely on external market makers to support its price. He also noted that none of his affiliated entities had bought or sold BNB in recent weeks, indicating that the token's movement is entirely market-driven.
CZ's comments reflect Binance's focus on market integrity and user protection, as seen in their recent pledge to compensate users after the USDe depeg.
Analysts have praised the stability of the BNB token, which has remained above $1,100 despite the recent crypto market crash.
Author's Summary
CZ attributes BNB's success to its community and design.
More News
- Smashburger closes after 15 years on 16th Street Mall
- Election Day 2025 live updates: Bronxites head out to vote in the mayoral election – Bronx Times
- The concerning rise of anti-immigration sentiment in Canada | News
- 'Hero' train crew member who protected passengers during mass stabbing named
- DxO Labs releases PhotoLab 9.2, new Nik Collection and PureRAW by Jose Antunes - ProVideo Coalition
- Generous Donations Help Muir Woods Visitors Enjoy the Park a Little Longer — but It Won’t Be Enough
- US Cybersecurity Professionals Indicted in Ransomware Scheme
- Is Jonathan Bailey Married? A Deep Dive Into His Low-Key Love Life
- LIST: Races to watch on Election Day 2025
- The Spectacle Podcast: SNAP, Riots, and the Price of Dependency