BEARISH 📉 : BNB Price Falls 3% Despite BSC Reaching Address Milestone

Key Highlights:

BNB Smart Chain announced that cumulative active addresses on the network surpassed 2 billion, a milestone achieved over several years.
Despite this achievement, BNB's price declined by 2.69%, currently trading at $748.95.
In mid-January, BNB Chain completed its 34th quarterly token burn, permanently destroying approximately 1.37 million BNB valued at $1.29 billion.
The token burn reduced the circulating supply to 136,361,367 BNB, aiming for long-term deflationary effects through an Auto-Burn system targeting a total supply of 100 million tokens.
January also saw the completion of the "Short Block Interval Roadmap" with the Fermi hard fork, reducing block time from 0.75 seconds to 0.45 seconds to improve throughput.
These technical advancements are expected to enhance the network’s scalability but have not yet positively impacted BNB's price amidst broader market downturns.

Investors anticipate potential future price gains similar to past reactions when Grayscale filed for a spot BNB ETF.