CZ defends BNB’s resilience in the face of the massive liquidation event that rocked the crypto industry

Changpeng Zhao (CZ) jumped to the defense of the BNB token of the BNB Chain and Binance, as some posts have begun to imply foul play as to how the token has defied the negative price influence that swept through the ￰0￱ has directly addressed suspicions about BNB’s stability as most “blue-chip” altcoins fell significantly while BNB saw a minimal dip of around 2-3% before quickly recovering, outperforming its ￰1￱ response to an X post that called attention to BNB’s “barely affected” performance, CZ wrote : “Fudders even try to make this sound like a bad thing? 😂🤷‍♂️Please post more of this about #BNB . 🙏” BNB is ‘SAFU’ The former Binance CEO has since been reposting tweets reflecting the same sentiment, including one that reminded people that BNB’s price was not affected even when “CZ was in the USA” because he “built a strong infrastructure called Community.” “New chain comers might not understand it, but we ￰2￱ comers will experience ￰3￱ is why i keep saying BNB & ASTER are SAFU and everything will be just FINE,” the tweet ￰4￱ response to another bullish tweet about BNB, CZ pointed out that BNB is one of the few projects that does not have a market maker.

“I am not aware of any of my affiliated entities buying or selling #BNB in the past days / weeks,” he wrote before listing out BNB’s sound attributes, including its deflationary ￰5￱ is unbothered by the FUD While other blue-chip altcoins fell significantly during the peak of the liquidation event, with some falling as far as 80% in meme-heavy segments, BNB only fell by about 17% before ￰6￱ price lost minimal value and quickly bounced back during a weekend that rocked most of the market.