BNB Token Surges 4% to $796 After Soft Staking and Sharia Earn Drive Record Volumes

BNBUSDT has experienced a 4.07% price increase over the past 24 hours, rising from an open of 765.41 to a current price of 796.54. This upward movement is primarily attributed to recent positive developments, including the introduction of Binance’s Soft Staking and the launch of Sharia-Compliant Crypto Staking (Sharia Earn), both of which have enhanced user engagement and broadened BNB’s appeal. Additionally, strong trading volumes and sustained bullish sentiment following a record weekly close and increased open interest earlier in the week have contributed to the price momentum.

Currently, BNB is trading at 796.54 with robust 24-hour trading volumes and a market capitalization near $110 billion, consolidating its position as one of the top five cryptocurrencies by market cap. The asset remains in a bullish structure, with technical indicators and recent network upgrades supporting continued investor confidence.