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Binance's CZ backs XRP, ZEC, and SOL amid Solana's China expansion controversy

Market News
16 Oct 2026
UToday
View Source
Neutral
Binance's CZ backs XRP, ZEC, and SOL amid Solana's China expansion controversy

Binance founder Changpeng Zhao (CZ) expressed strong support for major cryptocurrencies including XRP, Zcash (ZEC), and Solana (SOL) amid controversy over Solana's expansion efforts in China. Solana's new office and advertising campaign in Shanghai faced setbacks when a planned event was postponed, reportedly due to unexpected high registrations and law enforcement presence. CZ emphasized his support for blockchain progress globally and denied that his comments influenced the Chinese authorities' actions. This situation highlights ongoing regulatory challenges for crypto projects in China and the cautious optimism around blockchain adoption there.

XRP trades at Rp23.365 with a market cap of Rp1.485,86T and a 1-day change of -2.78% on Pluang as of Oct 17, 2026 03:42 WIB. Meanwhile, ZEC is priced at Rp20.544.473, down 7.00% in the last day, with all Pluang order activity currently on the sell side. Solana holds a price of Rp1.859.470 and shows a 1-day change of -1.92%, with a majority of Pluang users buying it. These figures highlight the active trading and mixed investor sentiment for these tokens amid ongoing regulatory challenges in China.

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