BNB Dips Amid Weakness, But CZ’s Return Could Ignite a Rally 😏
BNB's price #dropped 16.1% from August 23 to September 2, with recovery efforts ongoing. Investors fear a bearish trend, as BNB struggles to stay above $610.
Declining activity on BNB Chain, especially in DEX volumes, adds to selling pressure. Some hope Binance co-founder #CZ 's release could spark a rally, but this is speculative. Despite being the third-largest cryptocurrency, BNB is losing ground to competitors like Solana.
BNB Chain's total value locked (#TVL ) hit its lowest since February 2021, with DEX volumes and active users also declining. While CZ's release might boost BNB temporarily, fundamentals suggest limited long-term gains.
