Binance's native blockchain token (BNB) experienced a dip in price after the SEC fiasco. The exchange is facing heavy pressure by the US government regulatory agency. If Binance wins a lawsuit against the SEC, BNB's price could go all the way to the moon in an instant. But if it loses, BNB could experience new lows until it goes below the "triple digits".
The problem here is that the SEC chairman Gary Gensler is targeting Binance because they rejected his proposal to become their advisor before he became the chairman and with the FTX fiasco they will be closely monitoring the activities by all the major exchanges and hence it is wise to wait till this situation is over before investing in any exchange tokens.