BNB Price Drops Below $800 Amid Increased Trading Volume
BNB's price declined from approximately $815.8 to $795, breaking the critical $800 support level. It hit a low of $780 before a slight recovery. Trading activity surged above 4,000 tokens per minute during this period.
- A drop below $800 raises concerns for corporate treasuries holding exchange tokens.
- This decline follows BNB reaching a record high near $860 as public companies increased their investments.
- CEA Industries aims to raise $500 million for a BNB treasury, potentially extending to $1.2 billion, with its stock rising over 700% post-announcement.
- Liminatus Pharma launched a subsidiary targeting $500 million in BNB investments.
- Windtree Therapeutics announced a $700 million plan for BNB acquisitions.
- Nano Labs purchased 128,000 BNB as part of its crypto treasury strategy.
- Volume patterns indicate active rebalancing and fragile market demand.