BNB Price Stability at $1,190 as China Merchants Bank Launches Tokenized Fund on BNB Chain

BNB maintained trading near $1,200 on Wednesday despite a minor 0.5% decline following its retreat from a new all-time high. This price stability emerges amid a broader market liquidation event that wiped approximately $500 billion from cryptocurrency valuations. The BNB token, serving as the native cryptocurrency of BNB Chain, continues to facilitate transaction fee payments and demonstrates resilience as major financial institutions like China Merchants Bank adopt the network for tokenized fund operations.