BNB is a token issued by Binance to faciliate trading on their platform. If it dropped in value, it could indicate a lack of confidence in the platform itself (

BNB is a token issued by Binance to faciliate trading on their platform. If it dropped in value, it could indicate a lack of confidence in the platform itself (it's price could also be manipulated of course). "BNB can be used to pay for fees when trading on Binance, and usually at a discounted rate. Due to the primary utility, BNB has seen massive growth in interest throughout the years . Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization." https://www.coingecko.com/en/coins/bnb https://www.coingecko.com/en/coins/bnb