Over the past 24 hours, Binance Coin (BNB) strengthened by about 8% to $248. Nevertheless, from June 5 to June 12 the value of the cryptocurrency fell by more than 25%.
The main reason for this collapse was a lawsuit against Binance Holding Ltd, launched by the Securities and Exchange Commission (SEC).
According to CoinGecko service, Binance Coin is still among the top five largest digital currencies. Its capitalization is $39 billion.