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 movement entirely 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.
The success of BNB is attributed to its builders, community, and deflationary design, according to CZ.
Author's Summary
CZ explains BNB's price performance citing its community and design.
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