As of May 31, 2025, Binance Coin (BNB) is trading at approximately $654.73, reflecting a 2.25% decline over the past 24 hours.

Key Developments Affecting $BNB

Market-Wide Downturn: $BNB 's recent price drop is part of a broader cryptocurrency market decline, with major assets like Ethereum and Ripple also experiencing losses between 2% and 5%. This downturn is attributed to escalating global trade tensions, which have heightened investor caution.

SEC Lawsuit Dismissal: In a significant regulatory development, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Binance. This decision is seen as a positive shift in regulatory approach and has led analysts to project potential BNB price targets between $1,000 and $2,000 in the current market cycle.

Recent Market Volatility: Despite the positive regulatory news, BNB has faced short-term volatility. Earlier today, it briefly dipped below $650, marking a 2.94% decrease over 24 hours. #CEXvsDEX101 #TradingTypes101 #FTXRefunds #MarketPullback #BinanceHODLerSOPH