Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is Binance founder CZ’s ruling the stimulus BNB needs?
ALTCOIN NEWS

Is Binance founder CZ’s ruling the stimulus BNB needs?

By Crypto FlexsMay 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Binance founder CZ’s ruling the stimulus BNB needs?
Share
Facebook Twitter LinkedIn Pinterest Email
  • BNB fell more than 6% in 24 hours due to widespread market carnage.
  • Positive comments about the coin have increased dramatically over the past 24-48 hours.

Binance Coin (BNB) has suffered significant losses over the past 24 hours as the native token of the Binance ecosystem has been hit by a widespread market downturn.

The fourth-largest cryptocurrency by market capitalization fell more than 6% in 24 hours, according to data from CoinMarketCap.

However, on a month-to-month basis, this coin performed relatively better compared to other major coins, nursing losses of only 6%.

That said, BNB could see healthy gains in the short to medium term as the major chapter that has recently fueled significant FUD for the coin reaches its conclusion.

Short-term bullish catalyst?

Changpeng Zhao, the former president of Binance, popularly known as CZ, was sentenced to four months in prison on charges brought against him by the US government.

The charges were serious, including violation of anti-money laundering regulations that allow illegal transactions on the exchange.

News of the announcement created a buzz in social circles. According to AMBCrypto’s analysis of Santiment’s data, there has been a sharp surge in mentions of BNB on cryptocurrency-focused social channels.

Interestingly, positive commentary on the coin has exceeded the bearish outlook as weighted sentiment enters positive territory. This gave the market a more favorable view of BNB’s next move.

BNB Market Sentiment

Source: Santiment

Futures traders not hoping for a quick rebound

BNB sentiment in the derivatives market continued to be weak.

Using Coinglass’ Long/Shorts Ratio indicator, AMBCrypto has seen a significant increase in the number of traders shorting cryptocurrencies over the past 24 hours.

BNB Long/ShortBNB Long/Short

Source: Coinglass


Read Binance Coin (BNB) Price Prediction for 2024-25


Open interest (OI), the amount invested in BNB’s active futures contracts, decreased 1.27% over the past 24 hours to $564 million.

This could be due to a broader market downturn, but if sentiment improves, investments in BNB may trickle down.

Next: BONK surges 50% and flips FLOKI’s market cap, but major hurdles remain.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025
Most Popular

FreeInit: A groundbreaking approach to improving video creation from Nanyang Technological University

January 6, 2024

ETH price plummets due to $35 million selling

January 23, 2024

New AI Meme Coin Presale WienerAI Unveils Trading Bot AI Companion, Surpasses $700K

May 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.