- Changpeng Zhao dismissed the idea that centralized exchange listings significantly impact a crypto’s long-term price.
- He emphasized that a project’s development and utility matter more than its listing on a major exchange.
- MUBARAK coin fell nearly 40% after its Binance listing, contradicting market expectations of a price surge.
Binance founder Changpeng Zhao has stirred market discussions by dismissing the price influence of centralized exchange (CEX) listings. Despite historical trends linking listings with price surges, Zhao maintains that project fundamentals drive long-term value. His remarks have created uncertainty among traders and investors monitoring recent token movements.
MUBARAK Coin Slumps Despite Binance Listing
Since its listing on Binance, the MUBARAK coin has faced a dramatic price reduction, bringing its value down to $0.09558. The price nosedived to $0.09558 after the listing, while market speculation typically predicted an increase following a new exchange addition. According to Zhao, this new development reflects his position, which states that CEX listings do not create permanent price changes.
Before this crash, MUBARAK experienced a more than 20% increase when it debuted on a significant crypto platform. Before the Binance listing, MUBARAK experienced a short-term price increase, indicating that derivative products may impact the short-term market better than direct listings. After the price-tumbling event, market data proved that listings did not correlate to enduring price gains.
Despite market rumors about the pair, Binance has failed to confirm social or business connections between CZ and MUBARAK. When asked about listing procedures, Zhao stated that project expansion should precede all listings. The marketplace investigates how listing events interact with market factors after this development.
BROCCOLI Token Records Modest Gains Post Listing
The CEX listing of BROCCOLI, which CZ humorously tied to his pet, resulted in the token’s price moving upward by almost 10%. Although the positive movement was small, it clashed with CZ’s strong position regarding token prices remaining unaffected by listings. Online communities reacted differently to the token’s performance outcomes.
Market participants show caution because Zhao repeatedly emphasizes project utility as the priority over any benefits from exchange listings. Market participants doubt whether new listings successfully deliver short-term trading opportunities because the listing process guarantees long-term momentum. The BROCCOLI listing created another discussion about celebrity-associated tokens and how valid their practical applications are in the real world.
The BROCCOLI token has received no public endorsement from CZ, but a personal association with him stimulated greater community interest. The token’s market capitalization stays small, while its trading continues to show a lot of volatility throughout the brief price rise. According to current market analysts, investors need to focus on factors other than exchange listings when making decisions about their trades.
CZ Promotes DEX Model Over CEX Listings
Zhao emphasized decentralized exchanges (DEXs) as platforms that extend broader accessibility compared to traditional exchanges where listings undergo centralized control. He maintains that DEX platforms enable users to make their token evaluations independent of any merit-based criteria. By making this statement, Zhao strengthens his belief that CEX listings have no impact on long-term asset growth.
Through another post, CZ demonstrated how Coinbase listed BNB perpetually without prior user application and established that the utility of a product naturally drives exchanges to list it. The message stressed that builders and developers should prioritize essential factors instead of devoting energy to pursuing listings because this information strengthened his position regarding sustainable growth.