BNB Token Surges 2% to $723 Amid Binance Anniversary, Institutional Buys, and $2B Trading Volume

BNBUSDT has experienced a 2.03% price increase over the last 24 hours, with the current price at $723.03 and a 24-hour opening price of $708.64. The recent price gains are attributed to Binance's 8th anniversary celebration, which has increased user engagement through promotional events and rewards, as well as broader bullish momentum in the cryptocurrency market. Additional support comes from institutional interest, notably Nano Labs Ltd.'s recent acquisition of BNB, and Binance's continued dominance in global trading volume, which has strengthened investor confidence in BNB's utility.

Market activity remains robust, with 24-hour trading volumes exceeding $2 billion and BNB's market capitalization estimated around $100.73 billion, placing it among the top-ranked cryptocurrencies. The price has traded in the $715–$724 range over the past day, reflecting sustained interest and active participation from traders.