Binance Founder CZ on BNB's Price Performance
Binance founder CZ explained the reasons behind BNB's strong price performance compared to other cryptocurrencies.
Many projects have a market maker.
CZ stated that BNB's ecosystem is different, with no market makers supporting its price. He also clarified that none of his affiliated entities had bought or sold BNB in recent weeks.
Factors Contributing to BNB's Success
The success of BNB comes from its builders, community, and deflationary design, according to CZ. Analysts have praised the stability of the token.
CZ's comments reflect Binance's focus on market integrity and user protection, as seen in their recent pledge to compensate after the USDe depeg.
Author's Summary
CZ attributes BNB's success to its community and design.