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.
Binance has become a huge company now that pretty much everyone knows that is interested into cryptos. Therefore it is not really a surprise, that Binance is more and more in the focus of attacks from all possible directions. Influencers that are spreading ridiculous rumors and of course also legal issues that are forced upon them from the authorities. To be honest i also expected that the BNB price would drop sharply when i read that news about those investigations but somehow the price of BNB stayed almost at the same level.
This just proves again, that crypto is just to big now, that one news would make it pump or dump in a meaningful way. We are not in 2017 anymore.