The burn is already done? Why is the price keeps dropping then?
It goes to show that a lot of sells going on in the crypto space are done ignorantly on bandwagon effect. Most investors don't go through the fundamentals to find out what is in the news. All they do is watch the reaction of others to price and follow their lead sheepishly. And when they find out that price is dumping, they panic and sell off without knowing why the others are selling in the first place. Veteran investors will buy BNB on this news because sooner or later the effect will reflect on price of BNB. That later won't go beyond next week before price shoots up again. Who knows, we may see $1,000 this next rally coming up.