In a recent tweet, the CEO of the world’s leading cryptocurrency exchange, Binance, emphasized the potential profits that BNB brings to its holders. While a tweet of the kind might appear to be positive and encouraging, it’s also worth noting that it could have an impact on BNB’s price, given Zhao’s influence on the community, hence making the entire thing rather questionable. After all, we’ve witnessed prominent CEOs getting sued for propping up the value of their companies. The question is how long will it take until the crypto industry is held under the same scrutinous standards?
CZ Emphasizes The Value of Holding BNB
It’s safe to say that Binance Coin (BNB) has seen better days. Over the past few months, the cryptocurrency lost almost half of its value, plummeting from its all-time high of around $40 in June to where it currently trades at $21.
Interestingly enough, the decrease comes amid seemingly massive developments for Binance and its ecosystem in general. Yet, all of this seems to have no impact on investors.
Among all that, the CEO of Binance, Changpeng Zhao, posted a seemingly controversial tweet today, “warning” people that not holding BNB could be a bad play. Source...