The price of BNB is at risk of continuing to decline, as multiple metrics point to Binance losing its market share in the cryptocurrency sector.

The price of BNB

is heading back down after a six-day rally that saw it hit new all-time highs of $725 on June 6. Since then, BNB has fallen to an intraday low of USD 635. At press time, the price was around USD 643, with a drop of 5% in the last 24 hours.

BNB's performance has been bullish over the past month, with the layer 1 token rising 10% in the last 30 days and 25% in June alone, reaching $725 on June 6, its highest value since November 2021. However, profit-taking in the most recent rally has caused the price to decline, with risks of further declines.