BNB Token Holds Strong Amid 2.09% Dip Following Major BNB Chain Upgrade and High Trading Volumes

BNBUSDT experienced a 2.09% price decline over the past 24 hours, with the current price at $626.66, opening at $640.04. This short-term decrease is attributed to broader market volatility and a recent technical upgrade on the BNB Chain, which included a reduction in block time and the implementation of BEP-524, BEP-563, and BEP-564. The upgrade temporarily paused BEP20 deposits and withdrawals, potentially contributing to cautious trading activity. Despite the price drop, BNB remains supported by strong network fundamentals, ongoing ecosystem development, and high trading volumes. As of June 21, 2025, BNB maintains a market capitalization of approximately $83.07 billion, 24-hour trading volume around $1.38–$1.45 billion, and a circulating supply near 150 million tokens, continuing to rank among the top five cryptocurrencies by market value.