Advertisement
AD

Main navigation

Advertisement

Binance and BNB Become Hot Topics in the Crypto Community: Santiment

Advertisement
Wed, 23/08/2023 - 11:52
Binance and BNB Become Hot Topics in the Crypto Community: Santiment
Cover image via www.freepik.com
Read U.TODAY on
Google News

Santiment on-chain data vendor has published a tweet about the two fastest-growing topics discussed in the crypto community.

Advertisement

They are Binance and BNB and their relation to the Bitcoin price. A lot of allegations have been emerging, per Santiment, that the co-founder and chief of Binance, Changpeng Zhao (CZ), has been selling the supply of Bitcoin held by Binance, hoping it will help him to prevent Binance Coin (BNB) from crashing below key support levels.

In multiple interviews and tweets in the past, CZ claimed that he does not care about the BNB price, but his goal is to #buidl (a word changed to be similar to "hodl") new products in the crypto space.

Advertisement

Since Aug. 14 alone, BNB has lost 14%, dropping from the $240 level to $206 today. However, a few hours ago, the native token of Binance began rising, staging several consecutive green candles and growing by almost 4%. At the time of this writing, BNB is changing hands at $215.1 per coin.

Starting from April, BNB has dropped even lower as, back then, it traded at $348 per coin.

Related

Currently, Bitcoin is changing hands at the $26,000 level, trading sideways over the last several days. Since Aug. 16, BTC has lost approximately 10%, crashing from above the $29,00 price mark. Some, however, believe that this is a typical BTC dump before the upcoming halving, which is expected in April-May next year.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD