TechFlow news, on October 9, CZ responded to market volatility, stating that he had been attending an offline conference and a fireside chat in Bahrain throughout the day, and expressed concern over the significant downturn in the crypto market. The market decline appears to have stemmed from false rumors (FUD) about Alpha no longer listing certain tokens. Although these rumors were later debunked, they had already impacted the market. This highlights how FUD can still cause destructive effects when enough people are misled by misinformation, and CZ emphasized that he was not involved in the incident.
CZ noted that market sentiment can shift rapidly—especially in meme coins—but ecosystems don't change overnight, and BNB remains strong.
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