BNB’s price has dropped significantly below 700 USD, from 710 USD earlier today to 674 USD, causing losses for its holders.

The trading volume for BNB increased dramatically by 120%. CoinMarketCap reported that the total volume surpassed 5 billion USD in the last 24 hours.

Binance’s rumored selling of Bitcoin and Ethereum has slightly impacted BNB’s price, even though the exchange described it as an internal fund management activity.