Binance Coin (BNB) price spiked 5% on Feb 22, fueled by speculation following a chat between billionaire music artist Kanye West and Binance founder Changpeng Zhao. The interaction triggered a $5 billion capital inflow within hours.
Binance Coin (BNB) Price Surges 6% amid Kanye West and CZ Chats
Binance exchange native coin BNB has been subject to intense market volatility in recent days. Within hours of the Bybit exchange hack, Binance transferred 50,000 ETH to provide emergency support and liquidity for user withdrawals, which successfully helped ease panic and avoid systemic risks.
BNB Price Action, Feb 22, 2025 | TradingView
BNB price made rapid 6% recovery from Friday’s shock sell-off, as Billionaire rapper and fashion entrepreneur Kanye West, known for his controversial online statements, made enquiries about launching a new crypto project and called Changpeng Zhao’s attention in his latest series of cryptic posts on X (prev. Twitter).
Kanye West’s Token Launch Enquiry with CZ Sparks Intense Speculation
Kanye West, recognized for his unpredictable ventures in music, fashion, and politics, took to social media on February 22 to discuss cryptocurrency. In a series of posts, he shared screenshots of private messages debating whether to launch his own blockchain rather than simply creating a meme coin.
West reposted a message from Mikey Shelton stating, “You are the brand. Whatever it is will do well. Some things are better than others. It’s about who you trust.” This suggested that West is considering a serious blockchain project rather than jumping onto meme coin trends. Another post showed a conversation with Edward, who advised him: “Using Cardano as an example, they had the Cardano token, a wallet system, a whitepaper, a roadmap website, etc. You could set up a similar structure.”
Kanye West inquires about BNB | Feb 22, 2025 | Source: X.com/Kanyewest
Adding to the speculation, Kanye recently followed Changpeng Zhao on X, making CZ the only person he follows. CZ responded humorously, posting: “DEX is so much harder to use…” further fueling rumors of a collaboration.
West’s interest comes amid a growing wave of celebrity-driven crypto projects. In recent years, figures like Iggy Azalea, Caitlyn Jenner, and former NBA stars have launched their own tokens, with mixed results.
BNB Price Forecast: $700 Breakout Imminent if CZ Talks with Ye Advance Further
BNB price forecast chart suggests strong upside momentum, consolidating above key technical levels. The 12-hour chart shows BNB trading at $669.5, gaining 3.41% on the session.
BNB Price Forecast | BNBUSD
Bollinger Bands Expansion: The price is pressing against the upper band at $689.8, signaling increasing bullish pressure. A breakout above this level could propel BNB toward $700, particularly if discussions between Kanye and CZ sparks more speculative demand.
Volume Delta Surge: Buying volume is outpacing selling pressure. A significant 24.48K increase in volume on the latest green candle aligns with a 5.35% price gain, indicating strong market participation.
On-Balance Volume (OBV) Trend: OBV has flipped positive, confirming accumulation. Historically, such a shift precedes sustained rallies, making a retest of $700 likely.
A rejection at $689.8 could trigger a short-term pullback to the middle Bollinger Band at $663.1, while the lower band at $636.5 serves as the last line of defense against a broader correction.
For BNB to sustain its uptrend, it must establish firm support above $680. A failure to hold this level could invalidate the bullish outlook, leading to increased volatility. If sentiment remains positive, the path to $700 remains open
The post BNB Price Analysis: Kanye West’s Token Launch Chat with Binance Founder CZ Sparks $4B Rebound Within Hours appeared first on CoinGape.
