BNB Price Climbs to Highest Since FTX Crash Amid Airdrop Frenzy, Easing Binance Worries

“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Shuttleworth, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.”