Binance Coin (BNB) has seen a significant rebound, surging by 15% and reaching $1,300. This surge follows the recent market recovery in light of increased bullish sentiment. Binance founder Changpeng Zhao (CZ) has defended the exchange against accusations of manipulating the crypto market following the October 10th crash. BNB’s impressive performance is driven by its strong comeback post-crash and the resilience of the BNB ecosystem, particularly Binance and Venus, who have invested heavily to protect users. The token’s daily trading volume also surged by 57% to $10.89 billion. This rise comes as CZ emphasizes that unlike many crypto projects reliant on external market makers for price support, BNB operates independently without such intervention. Binance announced a $283 million compensation plan for affected users in response to the recent volatility and markets are optimistic about the future price surge.