GCC: Specified bound depends on the length of the source argument

The following code:

while (node)
{
    if (node->previous== NULL) break;
    struct Node* prevNode = node->previous;
    len = strlen(prevNode->entity);
    //pp is a char* fyi
    pp-=len;
    strncpy(pp, prevNode->entity, len+1);
    *(--pp) = '/';
    node = prevNode;
}

Generates the following warning/error in GCC (I treat all warnings as errors):

../someFile.C:1116:24: error: 'char* strncpy(char*, const char*, size_t)' specified bound depends on the length of the source argument [-Werror=stringop-overflow=]
 1116 |                 strncpy(pp, prevNode->entity, len+1);
      |                 ~~~~~~~^~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
../someFile.C:1114:29: note: length computed here
 1114 |                 len = strlen(prevNode->entity);
      |                       ~~~~~~^~~~~~~~~~~~~~~~~~~~

Why is GCC giving me a warning? What is wrong with relieing on the size of a source argument for the buffer size? Can someone give an example of what issues this may cause? Code does what it should I'm just curious why I'm getting a warning.