BNB Coin’s Sentiment: Is CZ Pumping the Market?

2025-11-03

Binance founder Changpeng Zhao (CZ) made a rare statement revealing that he has held BNB since its initial token generation event eight years ago. The announcement quickly caught the attention of traders.

This move sparked debate on whether CZ’s unwavering commitment could be fueling renewed optimism around BNB Chain and its ecosystem.

Zhao’s simple yet powerful message, shared on his official X account, read: “I bought some BNB in the first month of BNB’s TGE eight years ago and have been holding ever since (except for some spent portions).”

While the statement might seem straightforward, its timing and tone have strengthened confidence among long-term investors who see his continued ownership as a sign of deep trust in the network’s future.

CZ’s Eight-Year Hold Strengthens Market Confidence

CZ’s long-term commitment to BNB Coin is being interpreted by analysts as a deliberate move to reassure the market of his enduring faith in Binance and its ecosystem.

In a time when many crypto founders diversify or sell their early holdings, Zhao’s approach stands out for its consistency and transparency.

His revelation also aligns with Binance’s broader strategy to reinforce trust and maintain leadership in the industry. Even without major institutional or regulatory announcements accompanying his post, the community responded positively.

Market data shows stable activity, suggesting that CZ’s influence still plays a major role in shaping BNB’s sentiment.

Some traders view this move as a subtle confidence signal rather than a market manipulation attempt. Zhao has long advocated for building long-term value through sustainable projects and user engagement rather than short-term price movements.

BNB’s Resilience Amid Market Fluctuations

Despite broader volatility in the cryptocurrency market, BNB Coin continues to demonstrate resilience. As of November 2, 2025, data from CoinMarketCap shows that BNB trades around $1,081.42, with a market capitalization of $148.95 billion.

The 24-hour trading volume dipped slightly by 5.11%, reflecting a mild cooling in activity after recent surges.

Over the past 30 days, BNB’s price fell 8.42%, mirroring the general market correction seen across major assets. However, over a 90-day period, BNB has posted an impressive 40.72% gain, underlining its ability to recover quickly and sustain investor interest.

Research from Coincu notes that CZ’s personal holdings represent more than a symbolic gesture. His decision to continue holding BNB reinforces investor trust and may contribute to Binance’s steady market dominance in the BNB Chain ecosystem.

Market Performance and Key Indicators

BNB Coin.

According to CoinGecko data, BNB’s market cap currently sits at around $144.3 billion, ranking it as the fifth-largest cryptocurrency. The 24-hour trading volume of $1.33 billion marks a 42.3% increase from the previous day, suggesting renewed buying pressure.

BNB’s all-time high remains $1,369.99, while its lowest recorded price was $0.03982, showing an astounding long-term appreciation of over 2.64 million percent.

Currently, the coin trades about 23% below its record high, which many analysts see as a healthy consolidation phase rather than a sign of weakness.

The circulating supply of BNB stands at approximately 137.7 million tokens, with a maximum supply cap of 200 million. Binance’s treasury holds about 608,000 BNB, maintaining ample liquidity for network operations and ecosystem incentives.

Despite a recent weekly decline of 9.2%, BNB continues to outperform many competitors in the smart contract platform space, backed by active development on BNB Chain and steady utility demand for transaction fees and DeFi services.

Is CZ Pumping the Market or Reinforcing Trust?

While some in the crypto community have speculated whether CZ’s post might be intended to boost sentiment, there is no clear evidence of market manipulation. Instead, analysts view it as a strategic reaffirmation of long-term vision rather than a short-term tactic.

CZ’s ongoing engagement with the community and his emphasis on transparency continue to serve as stabilizing forces for BNB. In a market often influenced by fear and speculation, such statements can act as psychological anchors that reinforce trust among investors.

Ultimately, the recent rebound in BNB Coin sentiment appears to be driven more by fundamentals than hype. Binance’s consistent development of the BNB Chain, combined with growing ecosystem activity, underpins the coin’s resilience even amid market corrections.

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FAQ

What is the BNB coin?

The BNB coin (formerly Binance Coin) is the native cryptocurrency of the BNB Chain ecosystem. It was originally created as a utility token for the Binance exchange but is now used for paying trading fees, facilitating transactions across the BNB Chain, and as a major investment asset. It was founded by Changpeng Zhao and launched in 2017.

Is BNB coin a good investment?

Technical indicators show a 45% Bearish Bullish market sentiment on BNB, and the Fear & Greed Index is Neutral (score of 47). While the price has seen a moderate number of positive days (53% green days in the last 30 days), investors should be aware of the mixed sentiment and 6.25% price volatility.

Could BNB reach $10,000?

It is unlikely for BNB to reach $10,000 within the next decade, though it could potentially hit that level by 2050. Reaching this massive price would require a significant rise in its market capitalization and sustained progress across the entire crypto space.

Why is BNB so high?

The impressive price increase in BNB is supported by the strong fundamental metrics of the BNB Chain, not just speculation. The price is also positively affected by its ongoing burn program and the real-time burning of a portion of transaction gas fees, which reduces its supply.