BNB Token Surges 2.78% Amid Binance’s 8th Anniversary, $50M OTC Buy, and Bullish Momentum

BNBUSDT has experienced a 2.78% price increase over the past 24 hours, rising from an open of 670.17 to a current price of 688.79. This positive movement can be attributed to heightened trading activity surrounding Binance's 8th anniversary celebrations, which feature global events and substantial BNB rewards, as well as increased investor interest following Nano Labs' recent OTC purchase of 74,315 BNB tokens valued at approximately $50 million. Technical indicators, including bullish momentum and strong support above the $660 level, have also contributed to the upward trend. Over the last day, BNB trading volume has ranged between $1.22 billion and $1.84 billion, with the circulating supply estimated at 139.29 million to 150 million tokens. The asset continues to benefit from its utility within the Binance ecosystem and ongoing token burn mechanisms, supporting its market capitalization, which currently stands between $90.32 billion and $101.14 billion.