As the token of Binance exchange, BNB has always attracted the attention of the market. What makes BNB valuable in the long term is Binance’s status as one of the largest cryptocurrency exchanges in the world and the rapid development and expansion of its ecosystem. BNB tokens have multiple practical uses, such as paying transaction fees, participating in voting, buying IPOs on the Binance exchange, etc.

Recently, the price of BNB has experienced a sharp decline, mainly due to market concerns that the Binance Exchange may be affected by regulatory pressure. In addition, market factors such as risk sentiment in the financial market and volatility in the cryptocurrency market have also put certain pressure on its price.