BNB made a dramatic comeback on Monday, soaring 16% to a new all-time high of $1,353 after last week’s market crash sent shockwaves across the crypto sector.
The rebound erased all prior losses, powered largely by renewed optimism among Binance supporters and bullish signals from the exchange’s co-founder Changpeng Zhao.
The token had plunged more than 15% during Friday’s historic sell-off but staged an equally swift recovery over the weekend. Traders credited the turnaround to Zhao’s social media remarks and Binance’s pledge to reimburse users affected by the temporary price depegs of USDe, wBETH, and BnSOL.
Zhao emphasized that BNB operates without market makers, giving its community stronger influence over price discovery. He described the coin’s deflationary design and developer ecosystem as “key strengths,” noting that even professional traders hold BNB for its fee advantages and long-term potential. DWF Labs’ co-founder Zac Zou echoed the sentiment, highlighting ongoing institutional confidence in the token.
Addressing questions about the asset’s resilience, Zhao pointed out that core BNB ecosystem players such as Binance and Venus have collectively injected hundreds of millions in capital to safeguard users during periods of volatility – contrasting their actions with competitors who “shift blame or stay silent.”
According to on-chain data from Nansen, BNB attracted continued “smart money” inflows despite the wider crash, with new meme tokens like Four (FORM) also recording heightened trading activity. Analysts interpreted this as evidence of coordinated buying among sophisticated traders.
Trading data shows BNB changing hands near $1,360, with daily volume up 72%-a clear sign of revived investor enthusiasm. Open interest in BNB futures also jumped 34% over the last 24 hours, reaching $2.65 billion across exchanges, though still slightly below last week’s peak.
The strong comeback has reignited talk of another major breakout, with bullish traders eyeing the $2,000 mark as the next potential milestone for Binance’s native asset.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bnb-explodes-to-new-all-time-high-after-historic-market-meltdown/