BNB Token Surges 2.09% as Binance Anniversary Drives Rewards, Soft Staking, and Bullish Momentum

BNBUSDT has experienced a 2.09% price increase over the past 24 hours, rising from a 24h open of $679.60 to a current price of $693.82. This upward movement is attributed to positive sentiment surrounding Binance’s 8th anniversary activities, which include significant BNB rewards and the introduction of Soft Staking through Simple Earn, encouraging user engagement and accumulation. Additionally, recent technical analysis points to bullish momentum, with traders showing a preference for accumulation amid strong trading volumes and BNB breaking through key resistance levels.

Currently, BNBUSDT is trading at $693.82 with a 24-hour trading volume of approximately $2.14 billion. The asset has shown a positive trend over the past week, supported by active trading and increased market interest, though it remains below its all-time high.