Verified Twitter user claims using BNB price as an indicator of solvency is erroneous.
Mike Alfred added that BNB price only represents what Binance CEO wants.
BNB trades at $256.94, gaining 4.4% in the last seven days.
Verified Twitter user, Mike Alfred argued that crypto enthusiasts using the current Binance Coin (BNB) price as a primary indicator of health and solvency are greatly mistaken.
Alfred asserted that the price of BNB merely represents what the CEO of Binance, Changpeng Zhao (CZ), wants to be seen until the next liquidity shock hits. The Binance critic also brought the account of the legendary The Big Short trade of Michael Burry and John Paulson in 2008.