According to reports, BNB showed unusual strength during a recent market tumble that wiped out nearly $20 billion in liquidations at the peak. The token barely budged at first — slipping roughly 2-3% during the early shock — and later traded above $1,130, gaining over 10% in 24 hours as buyers returned.
CZ Pushes Back At Doubters
Changpeng Zhao, the former Binance chief, answered critics on social media who suggested BNB’s steady price action deserved closer scrutiny.
He mocked those raising alarm, using a laugh emoji and urging people to share more examples of BNB’s strength.
He also said he was unaware of any affiliated entities buying or selling BNB in recent days and highlighted the community and infrastructure behind the chain as reasons for confidence.
According to CoinMarketCap data, BNB’s limited drop put it in the same group as Bitcoin among the top-five coins that recorded minimal daily losses during the liquidation event. That put BNB in a small set of assets that outperformed peers while the market bled.
Community And Utility Provide Support
Reports have disclosed several practical reasons why BNB held up. The token offers trading fee discounts, which become more valuable when volatility spikes and trading volume rises.
Network revenue also climbed with the surge in activity, giving the token real transactional demand beyond speculation. BNB’s deflationary token design was mentioned as another factor that can support price under stress.
Some observers have pointed out an additional feature: a lack of market maker involvement. CZ reiterated that claim, saying the project does not rely on affiliated trading entities to prop up price, and that the chain’s community and core functions help absorb shocks.
Analyst Views And Market Moves
Prominent trader Altcoin Sherpa described the token as “insanely strong,” noting that its outperformance was surprising even during a broad market rebound. Market participants took notice when BNB’s intraday loss turned out to be deeper than its modest seven-day decline, suggesting buying interest reappeared at key levels after the worst of the sell-off passed.
Some figures in the crypto space reported that certain meme-focused tokens plunged as much as 80% during the same period. By contrast, BNB’s deeper dip at one point reached about 17% before it recovered — a pattern that left traders debating whether the move was driven by genuine demand or by the particular structure of the Binance ecosystem.
