Impact of Changpeng Zhaoâs Release on BNB PriceđŻ
Changpeng Zhao, the founder of Binance, is a well-known figure in the industry. However, due to legal issues, he had to step down from his role as CEO. CZ completed a four-month prison sentence after paying a fine of 50 million dollars and was released on September 27. This event led to an immediate increase in BNBâs price.
CZâs first tweet after his release generated significant excitement among investors. With a âGMâ message, CZ greeted his followers, resulting in BNBâs price rising from 606.25 dollars to 616.53 dollars, marking the highest level of the month.
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