Binance Coin (BNB) Price Surged 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 Coin (BNB) price surged 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 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 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.”

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.

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

1. 1. Why did BNB price surge 5% on February 22?

BNB price surged 5% on Feb 22 as a result of speculation stemming from a conversation between billionaire music artist Kanye West and Binance founder Changpeng Zhao on X (formerly Twitter). This interaction led to a massive capital inflow of over $5 billion into the Binance exchange within just a few hours.

2. Could Kanye West launch his own crypto project?

Billionaire rapper and fashion entrepreneur Kanye West sparked rumors of launching his own crypto project on Friday, discussing blockchain technology and sharing screenshots of conversations about launching a new token in a series of cryptic posts on X (formerly Twitter). While he ultimately chose not to launch a meme coin, suggesting he is considering a larger-scale blockchain project, his interest in crypto and discussions with Binance founder Changpeng Zhao have fueled speculation about a potential collaboration on a new crypto project.

3. Will BNB reach $700 soon?

BNB price is poised for a breakout to the $700 level if the bullish momentum continues. However, a rejection at the upper Bollinger Band could lead to a short-term pullback to the middle Bollinger Band at $663.1. If sentiment remains positive, the path to $700 is clear.