BNB Token Surges 3% as $100M Nasdaq Treasury Launch Spurs Institutional Demand and Trading Volume

BNBUSDT experienced a 3.09% price increase over the last 24 hours, rising from a 24h open of $619.40 to a current price of $638.57. This positive movement is primarily attributed to increased institutional interest following the announcement of a $100 million BNB treasury vehicle set to launch on Nasdaq, which is expected to enhance BNB’s exposure to global investors. Additionally, ongoing Binance promotions such as the Traders League and the introduction of Alpha Points rewards are contributing to heightened trading activity and engagement.

Currently, BNB maintains a strong position with a 24-hour trading volume of approximately $2.94 billion, a market capitalization between $89.49 billion and $93.37 billion, and a circulating supply of 145,887,576 BNB, reflecting robust liquidity and continued investor interest.