Binance Founder CZ Addresses BNB’s Recent Strong Price Performance, Says It Has No Market Makers

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. He emphasized that BNB's ecosystem stands apart from other projects that rely on external market makers to support prices.

The success of BNB is attributed to its builders, community, and deflationary design, according to CZ. This is reflected in the token's stability, with its price remaining above $1,100 despite Friday's crypto market crash.

CZ's comments highlight Binance's consistent focus on market integrity and user protection, as seen in their recent pledge to compensate users after the USDe depeg.

Author's summary: BNB's strength comes from its community and design.

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Coingape Coingape — 2025-10-12

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