BNB Dips 2.38% After $1.16B Token Burn, But Network Growth and DeFi Activity Surge

BNB is currently trading at $652.50, reflecting a 2.38% decrease over the past 24 hours from a 24h open of $668.40. The price decline is primarily attributed to profit-taking by spot traders following the recent 30th quarterly BNB burn, which destroyed 1.6 million tokens worth $1.16 billion, and heightened market volatility linked to global trade tensions and recent macroeconomic developments. Despite the short-term dip, BNB maintains strong trading activity with $1.55 billion in 24-hour volume and robust network growth, including a 26% surge in new addresses and increased transaction fees. The asset remains supported by continued ecosystem expansion, high DeFi activity, and significant DEX trading volumes, positioning BNB as a leading cryptocurrency by market capitalization.