BNB Drops 4% as New Token Launches and Promotions Drive $2B Trading Surge

BNB is currently trading at $659.97, reflecting a 4.03% decline over the past 24 hours, with a 24-hour trading volume of approximately $2 billion and a market capitalization ranging from $93.07 billion to $95.13 billion. The recent price decrease is primarily attributed to market volatility following new token launches and farming opportunities on Binance, including the introduction of Huma Finance (HUMA) on Launchpool and airdrop campaigns for BNB holders, as well as a special stablecoin promotion; these events have increased trading activity and temporarily impacted BNB’s price performance.