BNB Sees $2.61M Profit-Taking Amid 26% Surge in New Addresses and Major Quarterly Burn

BNB is currently trading at $638.24, down 4.08% over the past 24 hours, with a 24-hour open of $665.37. The recent price decline can be attributed to profit-taking by spot traders, as evidenced by $2.61 million in realized profits in the last day, alongside broader market volatility following macroeconomic uncertainty, including new tariffs announced by President Trump. Despite the short-term drop, BNB maintains strong fundamentals, highlighted by increased network activity—such as a 26% rise in new addresses and a 20.91% increase in transaction fees—ongoing ecosystem growth with new projects like Jager, and the recent completion of Binance's 30th quarterly BNB burn, which reduced the circulating supply. BNB remains a top-five cryptocurrency by market capitalization, with a current market cap of $89.29 billion and a 24-hour trading volume of $2.04 billion, reflecting significant ongoing market activity and utility within the Binance ecosystem.