BNB, the tokens that powers the Binance Smart Chain or BNB Chain, fell to its lowest level since July 2022 under $210 on Monday.
Speculation is rife that Binance CEO Changpeng Zhao might be pushing for a series of major loan liquidations on the BNB Chain-based Venus protocol.
Last October, 2 million BNB tokens were illegally minted in a bridge exploit and then used by the exploiter to borrow $150 million from the Venus protocol….
Read More: BNB Price Prediction Amid Speculation CZ Pushing to Liquidate & Burn Illegal Tokens