BNB today has been ranging and fluctuating around 565 to 573u, with the previous close at 579u. It dropped this morning.

Over the past two days, overall market risk appetite has been coming back. BTC has risen above 65ku, and the Nasdaq is also up, but today BNB has not kept up—its performance is relatively weak.

There’s been some data about a certain BNB Chain project over the past two days: 24-hour fee revenue is $220k, and the project team’s net revenue is $22,200. It’s at a normal level—nothing particularly special.

As for price, over the past 12 months it has fallen by nearly 18%. The 52-week high was reached at 1,373u, and now it is down by nearly 60%. This drawdown speaks for itself.

The certain BNB Chain automatic burn mechanism is still being carried out quarterly. The burn amount is dynamically adjusted based on price and block volume. This long-term deflationary logic hasn’t changed.

In the short term, the situation in the Middle East is still uncertain, and market sentiment is cautious. BNB has been lagging the broader market these past two days, suggesting that the capital has not fully returned to this coin yet #bnb $BNB