- BNB is the top trending crypto on crypto exchange Binance followed by Bitcoin.
- Not-so-popular’ token, HOOK, on fourth position in the ‘trending crypto on Binance’ list.
- HOOK has the market capital rank of 214 on CryptoRank but has an overall jump of 5.1% in its market price.
The leading crypto exchange, Binance’s native token, BNB is the top trending cryptocurrency on Binance’s search bar, while the most popular crypto in the market, Bitcoin grabs the second position in the list.
A recent data by Crypto Differ has unveiled the list of top 15 coins by trending search on Binance. But what’s more surprising is the ‘not-so-known’ token, HOOK, making it to fourth position with a growth of 5.1% in its market price. Note that HOOK has the market capital rank of 214 on CryptoRank.
The popularity of HOOK is the most on Binance exchange as only 8% of its volume comes from other exchange while the rest comes from Binance.
As for BNB, the coin gets only 31% of volume from Binance while the rest 69% is received from other crypto exchanges. The native token has seen a drop of 5.1% in the past 24 hours.
The third and fourth position in the list was taken by Ethereum(ETH) and Dogecoin(DOGE) respectively.
Also, another unpopular crypto to make it to the list is the crypto wallet, SafePal’s namesake token, SFP which has a market capital rank of 166. On Binance, SFP has ranked 12th and with 1.8% of spike in 24 hour price change.
Another surprise entry in the fray is UniLend Finance. The protocol has a native token UFT which has a rank of 629 on the basis of its market capital has stood on the 14th position.
The significant drop in BNB, however, can be fuelled due to the fear amongst crypto investors. After the FTX collapse, the apprehensions towards liquidity started surrounding Binance as it suddenly announced the halting of $USDC withdrawals.
However, CEO Changpeng Zhao later clarified that it was not a liquidity issue but a banking issue that caused the withdrawals to halt. Brushing off the comparisons with FTX, Zhao also said that Binance has a solid revenue and has no liquidity issues.
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