The post BNB Price Defies Market Trend as Binance Founder Lauds BNB Meme Szn appeared on BitcoinEthereumNews.com.

BNB price, also known as Binance Coin, has caught the eyes of traders today, defying the broader crypto market trend. Notably, Binance Coin price has continued to stay in the green, despite a pullback recorded in the broader crypto market. During writing, the crypto market cap was down nearly 2% to $4.18 trillion, while BTC price slipped below the $122k. Having said that, the sustained positive momentum in BNB has fueled speculations over the potential reason behind the rally. Meanwhile, it seems that market participants have been putting their bets heavily on the asset for some time now, as evidenced by its recent performance. In addition, Binance founder Changpeng CZ Zhao recently lauded the “BNB meme” season, which has further buoyed market sentiment. For context, as BNB price continues to hit new highs, the riskier assets like meme coins on BNB Chain are also witnessing a robust surge. So, here we explore the recent movements of the Binance Coin and see how it is impacting the meme coins on the BNB Chain. BNB Price Soars Despite Crypto Market Pullback BNB price has added nearly 3% today and traded at $1318, while its one-day trading volume skyrocketed 82% to $11.7 billion. The crypto has touched a new all-time high of $1,336 on October 7. Binance Coin price has offered a weekly return of 28%, while its monthly gains were recorded at a staggering 50%. This robust surge indicates a sustained interest among traders, but the derivatives data paints a gloomy picture. According to CoinGlass data, BNB Futures Open Interest fell more than 2.4% to $2.94 billion. Besides, the relative strength index (RSI) of the asset is also at 60, nearing the “overbought” area, which might trigger a short-term pullback ahead. BNB Price Action | Source: TradingView Why is BNB Price Rising?…

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Filed under: News - @ October 9, 2025 4:27 am