According to @cz_binance on Twitter, the exchange was not involved in the trades behind the sudden move (source: @cz_binance on Twitter, Dec 25, 2025). He stated that low liquidity on a new trading pair allowed a single large market order to spike the price, and arbitrageurs quickly corrected the move (source: @cz_binance on Twitter, Dec 25, 2025). He also said no liquidations occurred because the pair is not included in any index (source: @cz_binance on Twitter, Dec 25, 2025).