Why is the price of BNB dropping today?
The BNB coin has risen by 0.75% today, but it is still down by 0.16% over the past week. The coin initially dropped after the military strike launched by Israel on Iran, but it has started to regain its stability since then. The moderate rise today aligns with the stable price movement of Bitcoin, while the recent announcement of the distribution of SPK tokens—offering 200 million tokens to restricted BNB holders—has triggered a short-term accumulation and boosted the positive sentiment. Despite these positive factors, market uncertainty remains, making BNB's weekly performance slightly negative.