BNB News Today: BNB's All-Time High Defies Crash on Ecosystem and Community Strength

BNB surged to an all-time high of $1,370 amid a $19 billion crypto market liquidation event, outperforming broader market trends despite volatility. The price jump occurred following a turbulent weekend marked by forced liquidations and technical issues on centralized exchanges, with Binance facing scrutiny over its reporting practices and system stability BNB Appears to Reach Record $1,370 as Token Outperforms …^[1]. CoinMarketCap data confirmed the peak price, while analysts noted BNB's resilience compared to other assets, driven by its deflationary tokenomics and utility within the Binance Smart Chain ecosystem Binance Coin Hits New All-Time High Despite $19B Market Turmoil^[2].

The crash, which saw over 1.6 million traders liquidated, triggered debates about transparency in centralized exchanges (CEXs). Hyperliquid founder Jeff Yan accused platforms like Binance of underreporting liquidations by as much as 100x during peak volatility, citing Binance's practice of aggregating multiple liquidation orders into single reports Hyperliquid founder accuses CEXs of hiding user liquidation data^[3]. Binance co-founder Yi He countered that core systems remained stable, with forced liquidations proportionally low relative to total trading volume. The exchange announced a $283 million compensation package for users affected by specific technical glitches during the October 10–11 selloff Binance Promises Compensation After System Failures Amid …^[4].

Market dynamics were further complicated by large pre-crash transfers. A $700 million Bitcoin inflow to Binance hours before the sell-off, attributed to market-maker Wintermute, raised questions about potential manipulation. However, Binance CEO Changpeng Zhao (CZ) denied any coordinated intervention, attributing BNB's strength to its ecosystem's infrastructure and community-driven utility BNB Tests $1,300 Amid Market Recovery: Why It Outperformed …^[5]. CZ also highlighted that BNB Chain ecosystem players had used their own funds to protect users, contrasting with other platforms' responses Hyperliquid’s Jeff Slams Binance Over Fake Liquidation Data^[6].

Technical analysis underscored BNB's performance. The token briefly dipped 2–3% during the crash but rebounded sharply, with a 16% increase over two days. Futures open interest rose 34% to $2.65 billion, and BNB's market cap surpassed $1.1 trillion, reclaiming the third-largest position globally BNB Hits Record High as Binance Faces Transparency Heat^[7]. Analysts noted that BNB's deflationary burns and fee discounts, combined with Binance Smart Chain's ongoing activity, reinforced its appeal during volatile periods ‘Largest Ever’ Crypto Liquidation Event Wipes Out 6,300 …^[8].

The incident also exposed collateral stability issues, particularly with Ethena's USDe stablecoin, which fell to $0.65 on Binance. Ethena founder Guy Young attributed the decline to Binance's internal pricing logic, warning that venue-specific marks could trigger unnecessary liquidations. Binance pledged to overhaul its pricing methodology for wrapped assets Hyperliquid Founder Calls Out Binance and CEXs for Hiding …^[9].

While debates over transparency persist, Binance's swift compensation and BNB's rebound restored some confidence among traders. CZ emphasized that BNB's resilience stemmed from "community and infrastructure, not intervention," as the token's fundamentals and ecosystem activity continued to attract investment BNB hits new all-time high after $19B crypto market crash — …^[10].