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‘BNB Isn’t Crumbling’: CZ Slams Critics Stirring Fear And Doubt
BNB demonstrated remarkable resilience during a recent market downturn that triggered significant liquidations. Initially, the token experienced a minor dip of only 2-3%, later surging over 10% within 24 hours. Former Binance CEO Changpeng Zhao dismissed critics, citing the strength of the BNB community and infrastructure. BNB's limited losses placed it among the top-performing cryptocurrencies, outshining many peers. The token's trading fee discounts, which are more valuable during volatility, contributed to its stability. Network revenue grew with the increased trading activity, boosting transactional demand for BNB. BNB's deflationary design also played a part in the token's resilience under pressure. CZ claims that the project does not rely on market makers to manipulate the price. Analysts observed that BNB's outperformance was surprising even during a market rebound. Some debate whether the move was driven by genuine demand or the Binance ecosystem.
