BNB, the cryptocurrency created by Binance, the most important bitcoin and cryptocurrency alternate on the earth, goes via a part of weak spot amid a wave of questions directed towards the platform and its founder, Changpeng Zhao (CZ).
Within the final 7 days, BNB value went from $905 to $745, representing a 17.7% drop.
On the time of publication of this notice, the asset is 45.9% under its all-time excessive (ATH) of $1,370, as seen within the following graph:
The value decline happens in a context marked by a sequence of complaints unfold on social networks, which accuse Binance of alleged irregular practices throughout episodes of excessive volatility recorded on October 10, 2025as reported by CriptoNoticias.
In line with these variations, the alternate would have manipulated momentary settlement information to exclude sure customers from compensation packages introduced after operational failures.
Probably the most widespread accusations was made by the person recognized as @Mr_CryptoWhale, who assured that Binance manually adjusted timestamps to go away its settlement outdoors the redemption window.
The complainant acknowledged that the system’s computerized emails mirrored a special time than what appeared within the platform’s inside information. These accusations had been joined by different market actors, who questioned the transparency of the alternate and CZ’s historic function in several episodes of stress throughout the trade.
Given the escalation of criticism, Changpeng Zhao rejected the accusations and described the marketing campaign as FUD (worry, uncertainty and doubt). The founding father of Binance denied that the corporate carries out large asset gross sales and argued that the platform is a internet accumulator. As well as, he acknowledged that the corporate operates underneath regulatory supervision and that every transaction may be audited.
Past the noise generated on social networks, on-chain information doesn’t replicate, for now, a structural deterioration in Binance’s monetary place.
In line with info from CryptoQuant, an on-chain information evaluation agency, the alternate started the conversion of its Safe Asset Fund for Customers (SAFU) to bitcoin (BTC), with an preliminary switch of 1,315 BTC, valued at roughly $100 million.
This operation is a part of the corporate’s introduced plan to transform a complete of $1 billion, at the moment denominated in dollar-linked property, to BTC inside 30 days.
The scheme additionally features a rebalancing mechanism. If the market worth of the SAFU fund falls under $800 million as a consequence of bitcoin value volatility, Binance has pledged to replenish the funds wanted to reset the $1 billion threshold.
It ought to be famous that the reserves of bitcoin on the alternate stay at excessive ranges. In line with CryptoQuant historic information, Binance at the moment custody round 652,300 BTC. Though latest internet outflows of near $600 million had been recorded, that quantity represents simply 0.3% of the platform’s whole reserves, a restricted proportion in comparison with the magnitude of the accusations unfold.
This distinction between the disaster narrative and operational information means that, not less than for the second, the influence of FUD has been restricted when it comes to solvency and liquidity. Nonetheless, the market normally reacts upfront to uncertainty, even when the details will not be but confirmed.
On this framework, BNB has functioned as a thermometer of basic sentiment. The drop in value displays that, confronted with doubts concerning the transparency and governance of the alternate, buyers have a tendency to cut back publicity earlier than the questions are cleared up.
The conduct of the asset exhibits how, in stress eventualities, market punishment could precede any precise deterioration in fundamentals.
For now, Binance seeks to strengthen its message of solidity with verifiable on-chain actions and by strengthening its help fund. The evolution of the BNB value and the response of customers within the coming weeks will likely be key to judge if distrust manages to dissipate or if this episode leaves a deeper mark on market notion.
