Despite Official Ban, Changpeng Zhao’s Impact on Binance Raises Debates
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Changpeng Zhao (CZ), the co-founder and former CEO of Binance, continues to make waves in the crypto industry despite stepping down as part of a plea deal with the US Department of Justice.

Although publicly committed to his educational initiative, Giggle Academy, CZ's online presence still centers around Binance's BNB Chain, sparking speculation about his ongoing influence on Binance and the broader crypto market.

CZ's departure from Binance in 2023 with a lifetime ban on managing the company led to his focus on Giggle Academy, a global educational project. While he emphasized this project post-release, his social media activity highlights his continued interest in BNB Chain.

Despite his exit, CZ's impact on BNB Chain remains evident, with its trading volume surpassing that of Solana at times. Recent data underscores BNB Chain's significant trading volume, although Solana has currently reclaimed the top position.

The crypto community's response to CZ's involvement in BNB Chain ranges from admiration to skepticism. Supporters view him as a visionary leader who contributes to the growth of BNB Chain, while critics accuse him of driving speculative frenzies.

CZ's influence has sparked debates and concerns within the community, particularly regarding the short-term nature of investments triggered by his statements. Amidst controversies, the rebranding of Binance Labs to YZi Labs adds to speculations about CZ's potential return to the crypto scene.

The price performance of BNB has seen fluctuations, with recent data showing a slight decrease. As of the latest update, BNB was trading at $656.65.

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