CZ argues token prices should be driven by development, not listings

In a recent post on X, Changpeng Zhao (CZ), former CEO of crypto exchange Binance, argued that token listings on exchanges should not inherently influence prices. While acknowledging that listings enhance liquidity and simplify trading, Zhao stated that any resultant price changes should be temporary. According to him, the long-term price of a token should be determined by the project's development. Zhao also expressed support for the decentralized exchange (DEX) model, which allows for the listing of all tokens, giving users the freedom to decide what to trade.