BNB Price Drops Below 1,130 USDT Amid Market Volatility

Binance’s native token, BNB, experienced a notable dip below $1,130 USDT in the last 24 hours, signifying increased market volatility. This decline follows a pattern of price fluctuations for BNB without significant shifts in related crypto assets or technology. 2.02% down, this drop has occurred amidst ongoing market trends with no reported movements by institutional investors or any major changes to the BNB Chain’s Total Value Locked (TVL). Despite this drop, Binance CEO Richard Teng and former CEO Changpeng Zhao remain silent.