(BNB) has fallen by 5% in the past 24 hours, dropping to $310 in response to the news that the CFTC has filed a civil enforcement action against Binance and its CEO, Changpeng Zhao.
At $310, BNB has also dropped by 7.5% in the past week, although the exchange token is up by 2.5% in the last 30 days, as well as up by 26% since the start of the year.
On the other hand, Binance has begun standing its ground in response to the CFTC's action, with Zhao already penning a blog that denies the regulator's charges.
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