Binance CEO Hints LUNA Price Rise as Dead Cat Bounce

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After The Collapse of LUNA and UST, Changpeng Zhao Commented on The Collapse as “Very disappointing” and stated that it could have been handled properly and the TERRA team could not handle the situation properly with being late with the recovery plan – CZ stated.

He also stated the axie infinity handled very well and CZ mentioned that He usually prohibit Commenting on Other Cryptocurrencies But he Said He will Break the Rule this Time.

CZ Hints at LUNA Price Rise as Dead Cat Bounce

CZ on Twitter informed with a link to Binance Academy Article on Dead Cat Bounce. While it worth noting that the timing of this tweet is when LUNA Price is Rising And Traders are FOMO’ing in to LUNA.