Binance founder Changpeng Zhao recently commented on the surprising stability of BNB's price despite facing a significant market downturn. Many speculated whether Binance had engaged in actions to stabilize BNB's price or if Zhao himself sold any holdings. Zhao's statements aim to provide clarity and insight into the situation.

The resilience of BNB can be attributed to various market dynamics and strategies employed by Binance. Understanding these factors can provide a comprehensive view of how BNB maintained its value amidst broader market challenges.