BNB Drops 4.97% Amid Profit-Taking, Yet Network Activity and DeFi Growth Remain Strong

BNB’s price declined by 4.97% over the past 24 hours, dropping from a 24h open of $664.21 to $631.17. This pullback follows a period of profit-taking among spot traders after recent gains, despite continued strong network activity and ecosystem growth. The decline may also reflect broader market volatility and short-term bearish patterns observed earlier in the week, even as BNB Chain reported record user activity, increased transaction fees, and high DEX volumes.

Currently, BNB trades at $631.17 with a 24-hour trading volume between $1.58B and $1.70B, active addresses reaching nearly 590,000, and a market capitalization of approximately $92.08B. Despite the recent price drop, BNB maintains robust on-chain metrics and ecosystem expansion, underpinned by strong DeFi participation and user growth.