A new announcement was made in order to keep BNB strong, which started to lose value rapidly with the SEC’s lawsuit against Binance.
Announcing that it has filed a lawsuit against Binance last week, the SEC has literally rocked BNB. Testing $220 for the first time since December of 2022, BNB managed to hold on to this level and priced upwards. But while this was happening, the biggest move came from CZ. A new Launchpad announcement was made in a short time to reduce the selling pressure on BNB. This Launchpad, which will be participated by staking BNB, will naturally increase the purchases in BNB and help the price to hold at the top points.
BNB Tests 6-Month Low
BNB, the exchange token that suffered the most from the tight stance of the regulators. BNB, which has slackened to $220 for the first time since December 2022, poses a great danger not only to Binance but also to other exchanges and the crypto industry. In the scenario where the exchange’s own token, which has the most users and transaction volume, starts to lose value rapidly, things can become more complicated.
Binance and CZ intervened in the events in a short time. CZ and Binance, who frequently share the new Launchpad on their social media accounts, keep the stock market token strong due to the staking of BNB, the increase in buyers and the decrease in sales-oriented transactions.
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