BNB sharply fell after rising to $800 due to profit-taking by large investors who took advantage of the peak to sell. The growth also caused market overheating — indicators like RSI showed overbought conditions. Additionally, there were news of increased regulatory pressure on Binance in some countries, which caused panic among traders. Some analysts believe this was a speculative wave fueled by the hype around new projects on the BNB Chain. As a result, the market sharply corrected, and the price of BNB fell, searching for a new balance of supply and demand.
