Key Takeaways

Why is Binance outperforming despite the market shakeout?

Strong on-chain activity, robust bid zones, and a track record of consecutive ATHs are backing the token’s price action.

Does the recent compensation affect BNB’s momentum?

The payout calms social chatter, but doesn’t undermine the token’s fundamentals.

The recent market shakeout was a real stress test. 

Technically, it showed which assets could rebound hardest, and Binance Coin [BNB] came out on top. After a 12.07% pullback, the high-cap token is now just 3.5% below its all-time high. 

In fact, on 12 October, BNB recovered 100% of its losses with a 14% rebound, reinforcing its bid support. However, in doing so, it exposed a market split, creating a gap that could either make or break the next leg up.

Market moves, big payouts, and questions of trust

Binance Coin is sprinting like it’s in a league of its own.

Two weeks into Q4, its monthly ROI of 28% is already leading the charts, with no other high-cap even close. What’s more, BNB is on track to close its fourth straight monthly candle higher after recently printing a $1.3k ATH.

In short, BNB has posted four straight ATHs since Q3. However, it wasn’t until the recent crash that its resilience came under the microscope. Suddenly, chatter around “manipulation” picked up as traders tried to read the move.

As the largest CEX, BNB held its ground through a chop that briefly de-pegged USDe, BNSOL, and WBETH. Traders are still sizing up whether this crash was led by Binance-triggered liquidations cascading into

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Author: Ritika Gupta