There was a remarkable mobility in the crypto money market. Binance Coin $604.6 (BNB) attracted the attention of investors by showing a significant rise during the weekend. This movement of the BNB was associated with the spread of a new memecoin rumor. Social media rapidly spreading allegations, the price of the BNB moved up. Binance CEO Changpeng Zhao made statements on the subject and denied the rumors in a clear language.
TST Memecoin Rumors and Changpeng Zhao’s statements
Speculation about TST, a new memecoin on social media platforms, began to spread. Users made claims that this memecoin will be included in the Binance Ecosystem. However, these rumors quickly responded from the Binance front.
Binance’s founder and CEO Changpeng Zhao, on his Twitter account, said the TST project has no connection with the Binance team. Zhao said, “TST -related website or social media account has not been created by BNB Chain team. This project seems to be a completely independent community initiative, ”he said.
Although these statements calmed rumors to some extent, it could not prevent the increase in the price of BNB. Speculation remained on the radar of crypto currency investors during the weekend.
BNB Price Analysis: What does technical data say?
BNB was traded for $ 569 on Friday and rose to $ 648 on Sunday. This increase of approximately 13 %has led to the peak of interest in the BNB on social media platforms. According to the data of Blockchain analysis Santimement, the references to the BNB have reached the highest level of the last 60 days.
Technical indicators indicate that this rise is supported. Market analysts say it is important for BNB to remain above $ 630. The increase in transaction volume indicates that the procurement pressure is strengthened. Technical tools such as VWAP and Celtner Channel indicate that the current rise trend can continue.
Investors review their future strategies in the light of these developments. While the volatility created by Memecoin rumors draws attention, it is a matter of curiosity how the BNB price will be shaped.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
