After thinking about it, I always feel that these days are really different
Let's reconsider what has happened recently
September 19th
$why Changed at 4 o'clock (due to CZ's tweet)
Original thread:
The main reason is that the pictures in the tweets forwarded and quoted by CZ are biased towards memes
And in the follow-up articles, you can realize that CZ's view of memes is not a resistance and a negative view, but rather a certain affirmation of the role of memes in terms of trading volume
$Dust Start the change at 22 o'clock (due to the heat of the aster)
Original thread:
The main reason is that Aster's pull plate all the way is in addition to cz's delivery
Massive traffic plunges into BSC to continue a target
Then Aster's mascot is the most suitable
September 20th
$Four Started the change at 22 o'clock (due to Binance tweet meme)
Original thread:
The main reason is that the return of BSC liquidity Binance released a meme attribute image at this time and was hyped by the market
$Ass Changes start at 24 o'clock (due to CZ's reply)
Original thread:
The main reason is that CZ replied that it mentioned the token, and the other is that it broke the news that the Aster team almost named the token Ass and the entertainment attributes were full
September 21st
$Priceless Started the change at 16 o'clock (due to Binance's tweet)
Original thread:
The main reason is that Binance's tweet is Morse Code, which translates to Priceless Coummuity, which is hyped by the market
$Giggle Change starts at 24 o'clock (due to CZ's tweet)
Original thread:
The main reason is that the token dividends are distributed to the donation address in CZ's tweets, and with the increase in handling fees, the actual explosive increase in the amount of donations attracted CZ's attention, and also made him change his concept of memes and began to identify with memes
Although hot events seem reasonable on the surface, they do not include specific market capitalization, increases, etc., and explain the position of the token
CZ 🔶 BNB
Why did BNB reach $1000?
Good question. No one knows for sure. Correlation does not prove causation. But here is an incomplete list of possible reasons.
People tend to give me too much credit. I didn't do much. I am not technically involved like Vitalik. I am at best a mascot, but more just a community member.
First and foremost, I think the new pro-crypto US Administration probably made the biggest difference. Their stance influences not only the US, but most countries in the world. Most countries now adopt a pro-crypto stance. This is a significant lift for the industry. A rising tide lifts all boats.
Earlier this year, memes made a comeback on BNB Chain. I actually made some mistakes that may have hindered meme coin progress on BNB Chain. I never aped meme coins before. In my clumsy learning, I may have caused some PVP, which divided the community a bit.
During the same process, I learned about the negative impact of MEV attacks (again under public eyes). BNB Chain devs, nodes, block builders, wallets, DEX, and other players subsequently spent quite a lot of effort in reducing MEV attacks.
At the same time, BNB Chain improved from a 3-second block time to 1.5 seconds, and then again to 0.75 seconds.
Capacity also improved significantly.
Gas fees on BNB Chain were reduced by 10x overnight, making it one of the lowest fee blockchains.
Transaction volume further skyrocketed. BNB Chain became the highest transaction volume chain.
Binance Alpha removed the need for project tokens to go to smaller exchanges for listings first. Hence, it provided a far more streamlined process for projects to progress from DeFi to CeFi. I was not involved in the Alpha design at all. I learned about it on X.
With the comeback of meme coins, BNB Chain also saw its transaction volume increase in other sectors, such as stablecoins, DEX, AI, and RWAs.
WLF issued the first native stablecoin USD1 on BNB Chain, further boosting the stablecoin liquidity on-chain. The previous native stablecoin BUSD (not issued by Binance) was shut down by NYDFS in 2023, just before the 3 banks (Silvergate, Signature, Silicon Valley Bank) were shut down, leaving a gap that was finally filled by USD1. USD1 grew quickly.
Multiple RWA issuers deployed on BNB Chain.
Hundreds of AI projects deployed on BNB Chain.
BNB Chain burned $1.6 billion worth of BNB in the last quarter, and also billions in the previous quarter. People often ask, why burn $1.6 billion? Why not spend it on marketing? Well...
The SEC dropped their lawsuit (filed under Gary Gensler) against Binance, Binance US, and me personally in May. Removing the last attack on BNB potentially being a security. I am not a lawyer; this is my layman understanding. Could be off. But it was definitely good news for BNB.
YZiLabs (and other VCs) invested/incubated dozens of strong projects on BNB Chain.
Existing projects on the chain are doing well. Pancake Swap is handling huge volumes. Lista is competing with Venus on DeFi lending. Four are launching memes and RWAs. Aster's awesome TGE...
Multiple DAT companies are buying BNB, in the hundreds of millions each.
More builders on BNB Chain. Strong community support. (Thank you! 🙏)
... many other reasons I don't even know about ...
Lastly, the 0.25% rate cut yesterday definitely helped in some way too, even though I don't fully understand it.
Most importantly, I expect much more to come from this vibrant ecosystem. Keep building! 👍
Blave
$BNB $ASTER After the reminder of data divergence yesterday, they also dropped quite a bit... A similar situation occurred with $BTC a few days ago. If traders can use data as a decision-making factor, their grasp of market trends can be significantly improved!😁
Blave
$BNB chips are starting to show obvious divergence signals 🚨, whales are beginning to short, and the momentum is approaching previous highs, making the risk of chasing the rise increasingly significant. The liquidation map shows a stark contrast in long and short positions, with only around 1100 having significant short liquidation volume, while a large concentration of long liquidations is found between 1000 and 950.
Recently, the hot $ASTER chip concentration has softened slightly, showing a more pronounced selling pressure, with a large amount of long liquidation volume existing between 1.55 and 1.5.
In the BNB ecosystem, $CAKE, $M, and $WHY are performing strongly and are worth keeping an eye on!
踏空Sun小哥
WHY? $WHY #WHY What? Is someone discovering value?? @cz_binance
CA:0x3860eedeb57ebe5831432eee04d9568e03e14444
About Why (WHY)
Why (WHY) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in Why (WHY)?
As a decentralized currency, free from government or financial institution control, Why is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Why involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Why (WHY) prices and information here on OKX today.
How to buy and store WHY?
To buy and store WHY, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying WHY, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Why, driven by 7.4K contributors, and total online engagement reached 1.2B social interactions. The sentiment score for Why currently stands at 52%. Compared to all cryptocurrencies, post volume for Why currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Why.
Powered by LunarCrush
Posts
9,981
Contributors
7,440
Interactions
1,195,988,997
Sentiment
52%
Volume rank
--
X
Posts
5,001
Interactions
728,126,164
Sentiment
48%
Why FAQ
What is cryptocurrency?
Cryptocurrencies, such as WHY, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as WHY have been created as well.
Can I buy WHY on OKX?
No, currently WHY is unavailable on OKX. To stay updated on when WHY becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of WHY fluctuate?
The price of WHY fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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