<a href="https://www.cryptoknowmics.com/news/cryptoquant-data-indicates-binance-isnt-displaying-ftx-like-behavior">Binance</a> Holdings Ltd.'s native token gains have <a href="https://www.bloomberg.com/news/articles/2022-12-19/binance-token-bnb-snaps-losing-streak-spurred-by-worries-over-crypto-exchange#xj4y7vzkg" target="_blank" rel="nofollow noopener">ended</a> a protracted decline that was partly caused by worries over outflows from the biggest <a href="https://www.cryptoknowmics.com/news/forum3-raises-10m-to-bring-digital-assets-to-brands-loyalty-programs">digital asset</a> trading marketplace. Additionally, there is an increase in the price of Binance Token in the last two days.
<h2>Binance Token Gains Plug The Losing Trend</h2>
The price of Binance Coin, also known as <a href="https://www.cryptoknowmics.com/news/opensea-announces-its-official-launch-on-bnbchain">BNB</a>, has increased by around 4% during the last two days, snapping a losing trend that had lasted until Saturday for the longest time since October. Over Sunday and Monday, the price of <a href="https://www.cryptoknowmics.com/news/nigeria-plans-to-approve-law-recognising-crypto-and-bitcoin">Bitcoin</a> and a measure of the top 100 tokens remained stable.

BNB might be seen as a gauge of opinion on Binance. Following the bankruptcy of competitor exchange <a href="https://www.cryptoknowmics.com/news/cryptoquant-data-indicates-binance-isnt-displaying-ftx-like-behavior">FTX</a> and accusations of fraud against FTX's founder <a href="https://www.cryptoknowmics.com/news/sam-bankman-fried-accused-by-us-sec-of-scamming-ftx-investors">Sam Bankman-Fried</a>, the platform experienced US$6 billion (RM26.54 billion) in net withdrawals over three days last week due to a broad loss of faith in cryptocurrencies.
<h2>Fluctuations in BNB Value</h2>
A Binance representative declined to comment on fluctuations in the value of BNB while maintaining that the exchange completed a stress test by processing recent withdrawals, which should provide exceptional assurance that funds are secure.

The word <a href="https://www.cryptoknowmics.com/news/what-is-fud-strategy-and-its-impact-in-the-crypto-space">FUD</a>, which stands for fear, uncertainty, and doubt, was used by Cici Lu, CEO of cryptocurrency consulting firm Venn Link Partners, to describe the recent attention given to Binance. According to statistics from CryptoQuant, on Sunday, there was a net inflow of 338 bitcoins to Binance. It was down from a cumulative net daily efflux of over 40,000 on December 13. In contrast to a net departure of more than 278,000 tokens last Tuesday, <a href="https://www.cryptoknowmics.com/news/web3-infrastructure-provider-blocknative-gets-15-million-via-fundraising">ether</a> net outflows on Sunday decreased to 1,183 tokens.

Binance Token Ends Loss Streak Fueled by Crypto Exchange Concerns

Binance token gains in the last two days have ended a protracted decline that was partly caused by worries over outflows from the exchange.

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Binance Token Ends Loss Streak Fueled by Crypto Exchange Concerns

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