There is nothing short of FUDs in the crypto market especially for big names such as Binance. Recently there are so many accusations about Binance and even the U.S Senator has inquired. According to Binance's response
https://www.binance.com/en/blog/ecosystem/binance-shares-its-recent-response-to-us-senators-inquiry-1968152125579137703 , there are some public misconceptions about Binance and the team had already clarified. When I read the news, the first thing came to my mind was that BNB price was doomed to decrease dramatically. However, Binance US's weekly trading volume reached 41% of Coinbase's (global) trading volume last week, which is an ATH. (Source:https://twitter.com/cz_binance/status/1641728341962096641). At the same time, BNB price is still around $320, showing very little volatility. What makes Binance so strong faced with so many unfavorable conditions ? Please share your opinions.
Yes this means that the entire market or community arent that something that could be shaked off with these Fuds specially if this one is really that been attached with US which does currently have that
Banking issue as we do all know.This is why it wont really be that shocking if the price hadnt really dropped nor getting affected specially with BNB. Why it do stood strong? because people on the community
or entire market is really aware of the situation on which there might be some situations and fud might be thrown off just to make this market go to have some crashes or huge decline
but they didnt succeed this time.This do proves out on how strong the trust is to Binance after all.