BNB Slides 3.75% After Hitting $708 High, Profit-Taking and Volatility Shape Short-Term Outlook

Binance Coin (BNB) is currently trading at $677.91, reflecting a 24-hour decline of 3.75% from an opening price of $704.29. The recent price drop is attributed to profit-taking following a period of sustained gains, as BNB had previously broken through key resistance levels and reached highs near $708.00. Despite positive sentiment from Binance's 8th anniversary campaign and the recent burn of 1.6 million BNB tokens, short-term volatility and fluctuations in trading volume—reported between $87.02 million and $2.25 billion—have contributed to the pullback. BNB remains a leading asset by market capitalization, with a circulating supply of approximately 139–150 million tokens, and continues to show resilience amid broader market movements.