Binance Founder CZ on BNB's Price Performance
CZ stated that the strength of BNB lies in its builders, community, and deflationary design, as analysts praise the stability of the token.
Binance founder CZ explained why BNB has had positive price performance compared to most other cryptocurrencies, following BNB's price remaining above $1,100 despite Friday's crypto market crash.
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.
CZ highlighted that the success of BNB comes from its builders, community, and deflationary design, reflecting the exchange's consistent focus on market integrity and user protection.
CZ's comments follow Binance's recent pledge to compensate after the USDe depeg, demonstrating the exchange's commitment to user protection.
- BNB's ecosystem stands apart from other projects that rely on external market makers.
- BNB's price performance is driven by its community, builders, and deflationary design.
Author's summary: Binance founder CZ explains BNB's strong price performance.