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- Binance Coin (BNB) has fallen to its lowest value in over a year following the recent crypto market crash. - Market observers speculate that Binance may have prevented BNB's value from falling below a certain threshold. - #BNB was #trading above $240 range before the #market crash, but it dropped to a yearly low of $215 on August 19. - BNB's price decline can be attributed to various factors including regulatory issues, decreased on-chain activity on Binance Smart Chain (BSC), and a drop in DeFi activities on the BSC. - Binance CEO Changpeng 'CZ' Zhao stated that market forces determine BNB's price in response to speculation about Binance defending the price from falling below $212. - This isn't the first time #Binance has been accused of propping up BNB's price. - BNB's #price slightly gained 0.18% on the day, trading at $216.40 at the time of writing. $BNB

- Binance Coin (BNB) has fallen to its lowest value in over a year following the recent crypto market crash.

- Market observers speculate that Binance may have prevented BNB's value from falling below a certain threshold.

- #BNB was #trading above $240 range before the #market crash, but it dropped to a yearly low of $215 on August 19.

- BNB's price decline can be attributed to various factors including regulatory issues, decreased on-chain activity on Binance Smart Chain (BSC), and a drop in DeFi activities on the BSC.

- Binance CEO Changpeng 'CZ' Zhao stated that market forces determine BNB's price in response to speculation about Binance defending the price from falling below $212.

- This isn't the first time #Binance has been accused of propping up BNB's price.

- BNB's #price slightly gained 0.18% on the day, trading at $216.40 at the time of writing.

$BNB

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