CZ Explains Why BNB Price Thrived While Others Plummeted

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While the crypto market continues to recover from its recent meltdown, Binance Coin (BNB) is proving to be an exception. As major tokens saw steep losses, BNB stayed surprisingly strong, rising over 10% in a single day and reclaiming its spot as the third-largest cryptocurrency by market capitalization.

CZ Explains BNB’s Strength

Binance founder Changpeng Zhao (CZ) recently addressed the buzz surrounding BNB’s remarkable resilience. He credited its steady growth to the strength of the Binance ecosystem and community, saying that “strong performance always beats fear, uncertainty, and doubt.”

CZ dismissed rumors suggesting that Binance or its affiliates were manipulating BNB’s price. He clarified that neither he nor any Binance-linked entity had been buying or selling BNB during the market crash. Instead, the token’s deflationary design, where periodic burns reduce supply, and its active usage across the Binance network have helped maintain its value even during turbulent times.

BNB Surpasses XRP Again

BNB’s strong rebound has pushed it ahead of XRP, securing its position as the third-largest cryptocurrency. According to CoinGecko, BNB now boasts a market cap of around $179 billion, surpassing XRP’s $154 billion. This solid performance has reassured investors that BNB remains one of the more stable large-cap assets despite broader market weakness.

Adding to the discussion, the Kobeissi Letter noted that BNB’s rebound came shortly after the October 10th market liquidation, which wiped billions off the crypto market. The post suggested that much of this movement was driven by large “whale” traders who shorted the market ahead of the crash. It also mentioned that an apparent misunderstanding between China and the U.S. further fueled volatility, making the rebound even more surprising.

Backlash and Binance’s Response

Despite BNB’s price success, Binance itself hasn’t escaped criticism. Some users reported being unable to exit trades or access accounts during the crash due to technical issues. In response, Binance pledged monetary compensation for affected users, especially those impacted by the depegging of WBETH, USDEe, and BNSOL tokens.

CZ’s Continued Influence

Though CZ stepped down as Binance CEO last December following a plea deal with U.S. authorities, he remains the exchange’s largest shareholder and continues to shape its direction. Reports hint that he could soon receive a presidential pardon, sparking speculation about his potential return.

Through all the market chaos, BNB’s resilience stands out, a clear reminder that strong foundations, loyal communities, and clear leadership can still shine even in uncertain times.