BNB Dips 2.21% After Bullish Surge as Incentive Programs Drive Trading Volume and Market Interest

BNBUSDT has experienced a 2.21% price decrease over the last 24 hours, currently trading at 761.76 after opening at 779.00. The recent price movement is primarily attributed to profit-taking following a period of strong bullish momentum, which saw BNB reach its highest weekly close and approach its all-time high. Positive sentiment has been supported by Binance’s ongoing promotional campaign offering BNB cashback for P2P purchases and the expansion of the BNB Chain’s $100 million incentive program, both of which have contributed to increased trading activity and investor interest. However, the recent surge in price and open interest has led to short-term volatility as traders react to overbought conditions and resistance levels.

BNB maintains a robust market capitalization, currently ranging between $90 billion and $105 billion, with a circulating supply of approximately 139.29 million to 145.89 million tokens. Trading volume remains elevated, reflecting active participation and heightened market interest. BNB continues to rank among the top cryptocurrencies by market cap, supported by its utility within the BNB Chain ecosystem and ongoing deflationary tokenomics.