The Altcoin That Binance Put Money Crashed: The Statement Has Arrived! –

The altcoin BinaryX (BNX), which Binance Labs has invested in, has recently come to the fore with its decline. The fact that the cryptocurrency has lost 35 percent in the last 24 hours has worried investors. However, a response came from the team behind the project to the decline and the allegations made due to the fall. Here are the details…

Altcoin invested by Binance fell 35 percent

The altcoin named BinaryX (BNX), funded by Binance’s investment arm Binance Labs, has recently lost momentum in terms of price. The crypto money, which is in the 126th place with a market value of $ 190 million, is currently changing hands at $ 68 with a decrease of 35 percent. The coin experienced a decline from $ 106 to $ 58 in the 24-hour period. In the last seven days, it recorded the highest $148.

The fall of the crypto currency, which has been moving positively all week, has investors worried. Claims emerged that the people behind the project were selling tokens. As is known, the identity of the developers of BinaryX is unknown. However, it is among the information given by the project that the team consists of high-level Blockchain experts. Meanwhile, BNX liquidity providers on decentralized cryptocurrency exchange PancakeSwap have started to exit the platform.

Statement from the team

After the price drop and speculation that developers are selling coins, BinaryX made a statement today. According to the official Twitter account of the project, the team plans to buy back BNXs in the near future. They are currently working on the detailed plan for the issue. They also underlined that they “never sold BNX” in the tweet. In a separate tweet, the following statements are included:

There are rumors floating around about our projects, so we would like to clarify that not a single BNX has been sold from our team. All our projects are running smoothly.

BinaryX comes to the fore with the CyberLand project

Apart from the price changes above, if we look at the developments in the project, it seems that a new game will enter the markets. About 10 days ago, BinaryX confirmed that it is working on a new game called CyberLand, an open world MMO powered by Blockchain technology. BinaryX is no stranger to the playground. PRoje is the GameFi platform behind CyberDragon and CyberChess, both of which run on BNB Chain. As we reported, BinaryX started life as a decentralized derivatives trading system. The team gradually moved towards developing decentralized video games. It is now evolving into a GameFi platform offering IGO services to connect Web 2.0 developers to Web 3.0. He says it is one of the largest metaverse projects by trading volume on BNB Chain.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Risk Disclosure: The articles and articles on do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on are carried out through third-party advertising channels. In addition, also includes sponsored articles and press releases on its site. For this reason, advertising links directed from are on the site completely independent of’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on and the pages directed by the links in the sponsored articles do not bind in any way.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

Show Disclaimer

source site-3