The late-January crypto market crash reignited concerns around leverage, liquidity, and exchange stability across the industry. For many traders, it also revived memories of October’s massive sell-off, bringing renewed scrutiny back to Binance and its ecosystem.
As criticism resurfaces, attention is shifting toward how Binance ecosystem tokens are behaving under pressure.
Their price action and on-chain activity may now reveal whether confidence is rebuilding or quietly fading.
Sponsored
Sponsored
PancakeSwap (CAKE)
PancakeSwap is the largest decentralized exchange on BNB Chain and one of the most important Binance ecosystem tokens in the market. Although it now operates across multiple chains, it’s still native to the Binance network. This makes CAKE closely tied to sentiment around Binance and its ecosystem.
Despite recent criticism around Binance and the January market crash, PancakeSwap continues to dominate decentralized trading activity. Over the past 30 days, it has controlled around 58.4% of total DEX volume, far ahead of Uniswap’s roughly 24%.
PancakeSwap’s DEX Performance: DuneOn-chain data also points to steady accumulation. Over the past 24 hours, the top 100 addresses increased their holdings by about 1.79%, while exchange balances fell by nearly 23.4%. This suggests both whales and possibly retail investors are quietly positioning in CAKE.
CAKE Whales: NansenCapital flow data supports this trend. The Chaikin Money Flow (CMF), which measures whether money is entering or leaving an asset using price and volume, has been trending higher since mid-January. Between January 17 and February 3, CAKE’s price moved lower, but CMF rose, now above the zero line. This bullish divergence indicates that large investors were accumulating during periods of weakness, not just over the past 24 hours.
From a technical perspective, CAKE faces clear resistance near $1.59. A strong 12-hour close above this level could open a move toward $1.88 and then the psychological $2.00 zone. On the downside, $1.42 remains critical support. A breakdown below this level would weaken the bullish structure.
CAKE Price Analysis: TradingViewOverall, PancakeSwap’s dominant DEX volume, improving capital flows, and rising whale participation keep it among the strongest Binance ecosystem tokens to watch in February 2026. However, a confirmed breakout above $1.59 is still needed to turn accumulation into a sustained bounce.
Sponsored
Sponsored
Aster (ASTER)
Among Binance ecosystem tokens, Aster stands out as one of the most directly linked to Changpeng Zhao’s influence. The decentralized perpetuals and spot trading platform operates heavily on BNB Chain and has received public backing from CZ.
It is also supported by YZi Labs and former Binance-linked executives, making it closely tied to Binance’s broader ecosystem narrative.
Despite renewed criticism around Binance after the late-January market crash, Aster has quietly attracted large buyers. Over the past seven days, whale holdings have increased by around 21.61%, even as “public figure” wallets reduced exposure. This suggests that while visible influencers stepped back amid criticism, larger private holders were accumulating. That divergence points to growing confidence among large investors.
ASTER Whales: NansenWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Price action supports this shift.
Sponsored
Sponsored
After hitting late-January lows, ASTER has rebounded nearly 18%, aligning with broader market stabilization. More importantly, a bullish divergence has formed on the daily chart. Between January 19 and January 31, the price made a lower low, while the Relative Strength Index (RSI) formed a higher low. RSI measures momentum on a 0–100 scale. When price weakens, but RSI strengthens, it often signals fading selling pressure and early trend reversal.
This confirms why whales have been accumulating.
For the reversal structure to remain valid, ASTER must reclaim $0.72, a major resistance zone. A sustained break above it would open the path toward $1.06, followed by the $1.21–$1.40 range. These levels align with previous breakdown points.
ASTER Price Analysis: TradingViewOn the downside, $0.50 remains critical. A breakdown below this level would invalidate the bullish divergence and weaken the accumulation thesis.
BNB (BNB)
Among all Binance ecosystem tokens, BNB remains the most important benchmark. It is the native token of Binance and BNB Chain, used for fees, staking, and ecosystem activity. This makes BNB highly sensitive to shifts in sentiment around Binance and CZ.
Sponsored
Sponsored
In recent weeks, that sensitivity has been visible. BNB is down around 12% over the past month. It now trades near $776, after peaking close to $1,370 in October. This places BNB roughly 43% below its all-time high.
Yet, unlike many large-cap cryptocurrencies, BNB remains resilient on a longer timeframe. It is still up about 26% year-on-year, outperforming Bitcoin and Ethereum. This shows that capital continues to treat BNB as a core infrastructure asset within the Binance ecosystem.
The main weakness comes from sentiment. Positive social sentiment score around BNB has fallen to around 1.44, a six-month low, down from peaks near 196 in October. Historically, local sentiment spikes have preceded bounces. This metric tracks the volume of positive social media mentions around BNB.
BNB Sentiment: SantimentFor example, a December sentiment peak was followed by a rally from $842 to $954, a 13% surge, in January. The current collapse in sentiment helps explain BNB’s recent underperformance. Until sentiment improves, upside momentum may remain limited.
From a technical perspective, $730 is the key support. Holding above this level keeps the structure intact. A break below could expose downside toward $602. On the upside, $882 is the first major resistance. A sustained move above it would signal renewed confidence. Above $882, $1,052 becomes the next psychological target.
BNB Price Analysis: TradingViewFor now, BNB reflects cautious confidence. Long-term performance remains strong, but weak sentiment and ecosystem criticism continue to cap short-term upside. Among Binance ecosystem tokens, BNB remains the anchor, but it needs sentiment recovery to lead again.
Source: https://beincrypto.com/binance-ecosystem-tokens-february-2026/



