A legal issue around CZ has ended. But in an ironic twist on fate, this could have been what BNB needed all along.suffered substantial losses in the last 24 hours, as the broader market downturn took its toll on the native token of the Binance ecosystem.
That being said, BNB could be in for healthy gains in the short to medium term, as a major chapter, which fueled considerable FUD for the coin in the recent past, reached a conclusion.The charges were severe, including violation of anti-money-laundering rules that allowed illicit transactions on the exchange.
Interestingly, positive commentary around the coin exceeded bearish takes, as weighted sentiment entered the positive territory. This suggested a more favorable view of BNB’s next moves by the market.BNB’s sentiment in the derivatives market continued to be bearish.