Binance CEO Tweets, Valuation is Nothing Without Liquidity

• Binance CEO Changpeng Zhao will give away a personalized Tesla.
• Tweets have poured in on how crypto transformed their lives.

Binance CEO Changpeng Zhao has been too active on Twitter lately. And it’s been a dramatic week. The tweet currently pinned on CZ’s Twitter page has been retweeted over 60,000 times, and it has almost as many likes. Just days ago, Musk slammed CZ on Twitter for blocking DOGE owners from withdrawing their coins. This created a Twitter feud when CZ grilled Musk over a recent Tesla recall. 

Musk’s fondness for DOGE is nothing new, and his past claims that Dogecoin is “the people’s crypto” have led to accusations of market manipulation.

To show his canine affinity, he even acquired a Shiba Inu puppy. Surprisingly, both organizations are up after the tweet. Tesla is up 4% today, but DOGE is up over 12%. In a contest launched on Twitter Monday, Binance CEO Changpeng Zhao will give away a personalized Tesla and $50,000 worth of Dogecoin.

Binance will choose one winner. The prize is a Tesla Model 3, which costs roughly $45,000 new. Alternatively, the winner may choose to receive $50,000 in Binance Coin (BNB) instead of the electric automobile. Tweets have poured in on how crypto transformed their lives and how the award would help pay for college. Another stated they’d donate the money to charity.

The challenge comes days after Zhao, or CZ, publicly snubbed Tesla CEO Elon Musk. CZ has also tweeted on the need for liquidity. And mentioned valuation is nothing without liquidity.