Crypto
CZ's Meme Fuels Speculation of Explosive BNB Rally
CZ, co-founder of Binance, has sparked speculation about a potential 'BNB season' after posting a meme on September 29 that read 'Soon….' and highlighting the impressive metrics of BNB Chain, which include over 2 million daily users and 17 million transactions.
The post was interpreted by trader Unipcs, known as Bonk Guy, as a hint at an explosive rally for the token. However, technical analysis shows that resistance lies at $777-$794, and if BNB breaks below $740, it could weaken the setup.
CZ's latest activity has raised questions about whether network adoption can support stronger demand for the token, but some see this as a bullish sign despite short-term market risks.