BNB Holds Strong at $625 Despite 2.23% Dip Amid Market Volatility and Maxwell Upgrade

BNB is currently trading at $625.55, reflecting a 2.23% decrease over the past 24 hours from a 24h open of $639.83. The recent price decline is primarily attributed to broader market volatility, as seen in the simultaneous drop in major cryptocurrencies such as Ethereum and Bitcoin, coupled with BNB-specific technical factors indicating near-overbought conditions. Despite the short-term pullback, BNB’s ecosystem continues to show strength, supported by ongoing network upgrades like the Maxwell upgrade, active token distributions (e.g., LAYER and EGO farming), and sustained market capitalization near $91.58 billion. Trading volume remains robust, and BNB maintains a stable circulating supply, underscoring its continued relevance and liquidity within the crypto sector.