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 does not rely on external market makers, and none of his affiliated entities have bought or sold BNB in recent weeks, making its price movement entirely market-driven.
The Binance founder's comments reflect the exchange's focus on market integrity and user protection, as seen in their pledge to compensate after the USDe depeg.
- BNB's price remained above $1,100 despite Friday's crypto market crash.
- CZ highlighted the importance of BNB's builders, community, and deflationary design in its success.
Author's summary: BNB's strength comes from its community and design.