BNBâs price is likely tanking due to a brutal crypto market downturn, dragging altcoins down with Bitcoin. Binance ecosystem woesâlike rumored asset dumps and a shaky reputation tied to meme coin flopsâarenât helping. Token burns, usually a bullish signal, might not be enough to counter heavy selling pressure. Staking yields dropping to 2.3% could be pushing holders to ditch their bags. X chatter points to fraud scandals and dev profiteering, spooking investors. Competition from slicker Layer 2s like Arbitrum might be stealing the spotlight. Itâs a perfect stormâmarket fear, Binance blues, and fading hype.
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