The price of the Binance Coin (BNB) increased by 13 % during the weekend, as it traded up to $ 635 on February 9, when the market’s reaction to the release of Memecoin was rumored by the founder of the Binance Changpeng Zhao.
BNB Prices of 13 % on the weekend amid MEMETOKEN CZ Rumors
Binance Coin (BNB) has emerged as one of the highest -performance encryption assets during the weekend, which is fueled by speculation surrounding a rumor microscope, TST, is supposed to be associated with the Binance Changpeng Zhao founder. The assembly coincided with social media discussions widely about TST’s potential impact on the ecosystem.
TST, a newly emerging Mimcoquin in the BNB series, has caught the investor’s attention, primarily due to his alleged association with Chic Terel. However, on February 8, Zhao moved to X (previously Twitter) to clarify his position and refute any links to the project.
In his statement, Zhao explicitly condemned TST, to address society’s concerns about the unauthorized use of the Binance logo by the Memecoin project.
“The web site has not been created, nor the TST X -related account by the BNB series. Binance staff nor the encryption exchange of any control over this MI. It seems to be an independent community initiative.”
He also emphasized that he did not buy, possess or support the project and urge investors to be careful.
Despite his clear evacuation, TST controversy increased participation in the BNB ecosystem, which affects market morale and leads to a price gathering. The BNB price increased from $ 569 on Friday to a peak of $ 648 on Sunday, which represents a 13 % significant increase during the daily time frame.
TST Memecoin mention Binance Coin (BNB) social media to peak for 8 months
At the time of the press, BNB continues to trade above the level of $ 630, indicating that the upscale momentum is still strong. Data from SantimThe social domination scale shows that BNB signals have risen to 1.5 % on February 9, which means nearly two of every 100 reviews related to encryption on the social media referred to in BNB in the past 24 hours.
This is the highest level of BNB social media participation in more than 8 months, dating back to June 2024.
It is clear that the rumors of TST Memecoin, along with the rapid response to CZ, have pushed the attention of the media and investor speculation, and pushing the BNB price procedures to outperform the main encryption assets such as Bitcoin (BTC), ETAREUM (ETH), Ripple (XRP), and Solana (Sol) during the weekend.
With the start of the new trading week, the BNB price can advance by 13 % if the broader market morale remains positive, especially since the hybrid pressures of American -Chinese trade tensions begin to mitigate.
BNB price expectations: Bulls are preparing for a significant signal of $ 700
With the heading to the new week, the PNB prices are currently planning a rise, 13.8 % -backed over a period of three days, accompanied by increased trading sizes. The volume of strong signals of the buyer increases, which is a decisive confirmation of the continuation of the direction.
In addition, BNB is trading higher than VWAP ($ 625), indicating the active purchase pressure, as traders make a slightly higher offer than market prices to secure their demands faster. This indicates that momentum prefers bulls, as buyers exceed sellers in the short term.
Another main factor is to expand prices outside the midfield, which indicates a possible transformation in fluctuation in favor of the upward trend. If BNB exceeds 625 dollars and regains $ 633.87, the upper Keltner may target about $ 707, with a wider scenario. However, failure to retain current levels may lead to a re -test of $ 560.65, as the lower Keltner support is converged with modern demand areas. Maintaining the strength of the size will be very important in confirming the direction of the direction, as the bulls aim to extend the gains while the bears are looking for signs of fatigue.
Related questions (common questions)
The BNB price increased by 13 % during the weekend, driven by the social media speculation surrounding the TST Memeco and Changpeng Zhao 2. Did you create Changpeng Zhao or support memecoin tSt? No, CZ explicitly denied any involvement with TST, explaining that he is neither he or Binance employees control or support Memecoin. 3. How did social media activity affect the BNB price? It has reached the social media related to BNB with a 60 -day peak, which increased the speculation of investors and contributing to the budget momentum in the BNB market.
No, CZ explicitly denied any involvement with TST, and clarifying that neither he nor Binance staff control or support the MIMON.
The social media related to BNB mentioned a peak for a period of 60 days, providing the speculation of investors and contributing to the bullish momentum in BNB markets.
Ibrahim
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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