BNB Price Falls Under $1,100 Despite Growing Memecoin Trading and Perpetuals on BNB Chain

The price of BNB has declined below the $1,100 mark. This drop in the value of the Binance Coin occurs alongside a significant increase in network activity driven by memecoin trading and perpetual futures on the BNB Chain. While the price action appears bearish for BNB in the short term, the surge in on-chain transactions and user engagement highlights growing utility and adoption of the blockchain platform, potentially signaling long-term fundamental strength.