BNB Token Surges 2.59% as Binance Anniversary, $1B Burn, and $50M OTC Deal Drive Momentum

BNBUSDT has experienced a 2.59% price increase over the last 24 hours, rising from 672.39 to 689.78, with trading volume surging by over 80%. This positive price movement is primarily attributed to heightened market activity surrounding Binance’s 8th anniversary event, which features official promotions and up to $2.88 million in BNB rewards, as well as significant developments such as Nano Labs’ recent $50 million OTC purchase of 74,315 BNB and Binance’s latest quarterly burn that removed over $1 billion in BNB from circulation. Technical analysis indicates a bullish trend, supported by increased transaction volume and all-time high active user numbers, despite some reports of weakening demand and reduced developer activity. BNB maintains a strong market position, with a current price of 689.78, 24-hour trading volume between $1.61 billion and $2.02 billion, and a market capitalization ranging from $93.49 billion to $100.79 billion.