BNB Surges 2% as $1.02B Auto-Burn, Major Airdrops, and User Campaigns Drive Bullish Momentum

BNBUSDT has experienced a 2.03% price increase over the past 24 hours, currently trading at 734.49 USDT with a 24-hour open of 719.87. The recent price surge is primarily attributed to a combination of positive ecosystem developments, including Binance’s 27th HODLer Airdrop distributing 20 million Caldera (ERA) tokens to BNB holders, the listing and airdrop of Lagrange (LA) tokens, and ongoing user engagement campaigns such as the #BinanceTurns8 event and Soft Staking rewards. Additionally, the BNB Chain’s 32nd quarterly auto-burn, which permanently removed approximately $1.02 billion worth of BNB from circulation, and the extension of the "Zero Fee Carnival" have contributed to increased market activity and positive sentiment.

BNB’s market capitalization stands at approximately $108.57 billion with a 24-hour trading volume of around $3.14 billion, reflecting heightened trader interest and bullish momentum, as the token remains above key moving averages and has gained about 7.4% over the past week.