BNB Price Fell to $1,020 with a 6% Decrease.

BNB Highlights Beneath Support Level

BNB price has declined below the critical $1,080 support level, falling 6% to $1,020. This drop occurred alongside an increase in trading volume, indicating significant repositioning activities. This situation also signals rising selling pressure.

The decline took place during a broader retrenchment in the cryptocurrency market. BNB's movement seems to reflect the potential side effects of a market pullback.

Data shows that 67% of BNB is owned by the public, while Changpeng Zhao, the co-founder of Binance, holds less than 1% of the shares, highlighting a reduced risk of concentration.