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 its 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.
His comments reflect the exchange's consistent focus on market integrity and user protection, recently seen when Binance pledged compensation after the USDe depeg.
The Binance founder highlighted that the success of BNB comes from its builders, community, and deflationary design.
Author's summary: BNB's strength comes from its community and design.