PERP Token Surges 16.77% as Large Holders Accumulate and Derivatives Volume Climbs on Binance

PERPUSDT has experienced a 16.77% price increase over the past 24 hours, rising from 0.2194 to 0.2562 on Binance. This price movement is primarily attributed to significant large-holder accumulation and declining exchange balances, as indicated by on-chain data. Additionally, there has been a notable rise in perpetual derivatives trading volume and open interest, signaling increased market participation and bullish sentiment among traders. The current trading volume and price action reflect heightened activity and interest in the asset, with PERPUSDT showing strong momentum and trading at 0.2562 with a substantial 24-hour gain.