Changpeng Zhao’s BNB Chain Mentions Fuel Market Controversy
Changpeng Zhao (CZ), co-founder and former CEO of Binance, remains a major force in the crypto industry, although his official resignation is part of his plea agreement with the U.S. Department of Justice (DOJ).
While he was openly committed to focusing on his educational programs, his online presence still revolved around Binance’s BNB chain. This has led to an increasing impact on his continued direction on Binance and the overall crypto market.
CZ’s official export and post-prison plan
CZ was forced to resign from binance in 2023. He agrees Lifetime ban on management companies as part of his reconciliation.
After the release, CZ announced He will focus on the academyan educational program designed to provide free learning resources around the world. Binance executives have Active promotion His initiative was before his arrest. One of the goals of Silly Academy is to teach children How to avoid carpet pulling.
“There are always more opportunities in the future than in the past… The giggle college is going well and over the next few years I will be a big part of my life… I will also spend more time on charities and funding (and education). I have some rough ideas…oh, without my back seat driving, Binance seems good, and it’s great. Every Founder’s Dream,” CZ shared After the release of X in September.
However, his social media campaign tells a different story – the BNB chain remains the main focus of his discussion.
Although he left, the impact of CZ on the BNB chain is undeniable. His outspoken interest in BNB chains has led to a surge in trading volume, surpassing the Solana.
February 16, Crypto Educator Crypto and Khan Famous The BNB chain’s 24-hour transaction volume exceeded $3.73 billion, while Solana’s $2.66 billion. CZ Quote Data from Defilama, stressed BSC (BNB Smart Chain) exceeds Solana’s weekly number.
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However, Solana has since retracted its position at the top, with the BNB chain second only to Ethereum. The latest data on Defilama shows that Solana, Ethereum and BNB recorded $2.94 billion, $2.24 billion and $2.15 billion, respectively.
Meanwhile, CZ’s persistent presence in cryptocurrencies has sparked admiration and suspicion. Supporters see him as a visionary leader, which shows that Zhao’s involvement plays a role in his growth.
“Now, what’s happening in the BNB chain proves that a real dragon cannot be shrouded! CZ was sentenced to four months in prison and forced to resign from an obligation against reason. He came back and rested for a short time, then Choosing to focus on the BNB chain. The BNB chain has already caused waves under his guidance and it doesn’t require a prophet to see things only get more exciting from here.” Write Da Viking, Floki’s core consultant.
However, others believe that his influence is reckless. Defi researcher Leviathan accused CZ of driving speculatively crazy.
“Congratulations CZ, you’re driving hundreds of millions of dollars on the KMT because thousands of fake meme coins are rinsed and accumulated millions,” Leviathan Express.
This criticism and concern about his comments sparked a short-lived, hype-driven wave of investment that lacked long-term utility.
CZ admits his post is overexplanatory, lament Any random mention of anything has some extra meaning. The statement followed his tweets against the explosive rise of meme coins and AI projects.
In dispute, it is impossible to ignore Binance Labs’ recent rebranding of YZI Labs. CZ calls reshaping an extension of vision. However, the guess is that the move allows CZ to rejoin without violating the Binance management ban.
Although the official narrative status of Yzi Labs is independent, many believe it is the backdoor of CZ’s ongoing influence in Crypto.
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beincrypto data show BNB’s price has been reduced by nearly 3% in the past 24 hours. As of this writing, it is trading at $656.65.
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