BNB Surges 2.91% as Caldera Airdrop and Soft Staking Drive Record Weekly Close and $1.05B Open Interest

BNBUSDT has experienced a 2.91% price increase over the past 24 hours, rising from 747.45 to 769.22. This upward movement is primarily attributed to positive sentiment following Binance's recent initiatives, including the Caldera (ERA) HODLer Airdrop for BNB holders and the launch of Soft Staking, which have incentivized holding and increased demand. Additionally, BNB's record weekly close and a surge in derivatives open interest to $1.05 billion have reinforced investor confidence, supporting the ongoing bullish trend.

Currently, BNB is trading at 769.22 with a 24-hour trading volume ranging from $1.06 billion to $2.50 billion and a market capitalization estimated between $90.32 billion and $106.57 billion. The asset remains one of the top cryptocurrencies by market cap, with recent price action reflecting strong momentum and heightened market activity.