Big Eyes Coin and Binance are probably facing a test of their strength

This year's cryptocurrency market has been harsh on blockchain projects, especially in the past few weeks after the FTX crash.

The fear in the market is so evident in the daily trading volume and how much liquidity the market is left with. Big Eyes Coin (BIG) is a meme coin still on presale, but after weeks of selling out at record speed, the momentum is starting to slow down and bow to bearish market conditions.

However, savvy investors who see the opportunity in the token have continued accumulating tokens in hopes of reaping massive profits after the launch. Although the meme coin is yet to launch, it's speculated to be the next big meme coin in the market.

Also, BNB is facing a massive test as the crypto exchange had to endure a wave of withdrawals of over USD 900 million on Monday. The amount is nine times the amount the second exchange (Bitfinex) processed on the same day.

Binance was previously venerated for not suffering any adverse effects despite being caught in the crossfire while FTX collapsed. Binance is beginning to have its share of the impact as the crypto exchange has suffered a lot of FUD- crypto slang for spreading fear, uncertainty, and doubt- in the past few days.

The study report from auditing firm Mazars published by Binance last week reported that Binance's bitcoin (BTC) holdings are overcollateralized. Industry experts and crypto enthusiasts were not having it and criticized the report for lack of scope.

This has caused further scrutiny on the exchange as has been a major catalyst for spreading panic. Also, news emerged on Monday Reuters reported that U.S. authorities are considering criminal charges for potential money laundering against Binance and its officials, including Zhao, according to Reuters.

BNB - The Biggest Global Crypto Exchange

BNB (BNB) is the native cryptocurrency of the Binance platform and it serves as a utility token enabling users to pay transaction fees and other services on the Binance platform. The token has expanded beyond the centralized exchange and powers the BNB Smart Chain, an EVM blockchain created to serve as an alternative to Ethereum and revered for its improved scalability.

The network is a top ecosystem across DeFi and NFT markets and was a much-preferred network in the bull run of 2021. However, BNB has suffered some sharp price drops as FUD about Binance spreads. The token has proven to be quick to recover in the past few years, so it would be interesting to see how this plays out when Binance shows signs of being solid.

Big Eyes Coin - The New Emerging Meme Coin

Big Eyes Coin (BIG) is a new meme coin project that has demonstrated some decent strength in the past few months despite the harsh bearish conditions. Not many crypto projects can survive a bear market as bad as this. Big Eyes Coin has raised USD 11 million on its presale, reinforcing the community's belief in the potential the meme coin holds.

Meme coins are reputable for the insane price pumps that make people millionaires overnight, but these are the early days that certain users must endure for maximum profit. It has the potential to be as big as dog meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) despite taking an opposite narrative from them.

Big Eyes Coin has created a unique narrative for a meme coin by using cat memes to push its crypto jokes. Beyond the memes, jokes, and narratives, BIG aims to create wealth using several innovative DeFi features and contemporary utilities in the blockchain landscape to create value. Big Eyes Coin is still on presale, and it would be smart to accumulate the token before the presale sells out. There is still an opportunity to make money from this; join the presale here now.

Find Out More About Big Eyes Coin (BIG) In The Links Below:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

YouTube: https://www.youtube.com/watch?v=-KWJhYnzvNs

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( With inputs from ANI )

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