Binance Founder CZ on BNB's Price Performance
Binance founder CZ addressed BNB's recent strong price performance, stating it has no market makers.
Many projects have a market maker.
CZ emphasized that BNB's ecosystem relies on its builders, community, and deflationary design, which has garnered praise from analysts for the token's stability.
- BNB's price remained above $1,100 despite the crypto market crash on Friday.
- CZ confirmed that none of his affiliated entities had bought or sold BNB in recent weeks, ensuring the token's movement is market-driven.
CZ's comments reflect Binance's focus on market integrity and user protection, as seen in their pledge to compensate after the USDe depeg.
Author's summary: Binance founder CZ explains BNB's price performance.