In the summer, it seemed that everything was going according to plan: YZi Labs and 10X Capital acquired CEA Industries, shook up its strategy, and rebranded it to BNB Network Company (BNC). They made beautiful statements to the market, raising over $500 million, promising an aggressive strategy for BNB.
And now — a classic of the genre: the disputes have begun.
🔻 YZi Labs officially demanded that 10X Capital cease violations and warned shareholders of risks. According to them, the fund manager suddenly started talking about stepping away from the BNB strategy and reallocating part of the capital to other assets — up to Solana (#SOL).
That is to say, they promised one thing in the summer… but in fact, they are trying to pull off something completely different.
🔻 10X Capital has already experienced delays in disclosing basic asset information, plus there have been conflicts of interest on the board.
The result? BNC shares plummeted almost by –87% from their peaks.
And here is the contrast: the company BitMine, operating in the same sector, surged by +667% after the news about investments in ETH and is still holding at nearly those levels.
So yes — the problem is not in the market. The problem is in management.
🔻 Now YZi Labs demands an immediate return to the declared strategy, disclosure of data, and corporate governance.
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What about me?
As always, I remain true to my course. BNB occupies a significant place in my portfolio, and I do not lose hope for it.
This noise around BNC is just background.
And the BNB itself, as an asset, continues to be one of the strongest and most stable coins in the ecosystem.
