Binance, the world’s largest cryptocurrency exchange, is grappling with a seismic shift as its chief, Changpeng Zhao, pleaded guilty to criminal charges and resigned as CEO on Tuesday, November 21.
BNB price analysis
At the time of writing on November 24, BNB’s price was sitting at $234.35, up more than 0.9% on the day.
Over the past week, its price has fallen more than 3.7% and around 13% since the news was announced.
The decline took BNB’s year-to-date performance into the red, at -5.8%.
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