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 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.
The success of BNB is attributed to its ecosystem, which stands apart from other projects that depend on external market makers to support prices.
CZ's comments reflect the exchange's consistent focus on market integrity and user protection, as recently seen when Binance pledged compensation after the USDe depeg.
Author's summary: CZ explains BNB's price strength.