BNB Token Surges 2.6% as 1.6 Million Burned and Binance Celebrates 8th Anniversary

BNBUSDT has experienced a positive price movement over the past 24 hours, rising 2.60% from an open of 676.06 to a current price of 693.67. The price increase is primarily attributed to recent developments including Binance's 8th anniversary promotions, the introduction of Sharia Earn, and the completion of the 32nd BNB token burn, which permanently removed approximately 1.6 million BNB from circulation and reduced the total supply. These events, combined with heightened trading activity and bullish sentiment fueled by BNB’s approach to the $700 level and increased stablecoin reserves on Binance, have contributed to the upward momentum.

Currently, BNBUSDT is trading at 693.67 with a 24-hour trading volume of approximately $2.18 billion, a market capitalization near $101.65 billion, and a circulating supply around 150 million BNB, reflecting strong market interest and elevated trading activity.