BNB Surges 2.61% as Hyperion TGE and Institutional Interest Drive Trading Volume Past $2 Billion

BNBUSDT has experienced a 2.61% price increase over the past 24 hours, rising from 690.60 to 708.64. This upward movement is attributed to several factors, including heightened trading activity surrounding Binance’s launch of the Bonding Curve TGE for Hyperion (RION), which incentivized BNB holders to participate and lock tokens, as well as increased user engagement during Binance’s 8th anniversary campaign. Technical analysis indicates BNB has been testing key support and resistance levels, with recent bullish momentum following a bounce from the $675 zone and stabilization above the 100-hour moving average earlier in July. Additionally, institutional interest, such as Nano Labs’ reported plans to acquire BNB, and strong market activity—reflected in a 24-hour trading volume between $1.71 billion and $2.28 billion—have contributed to positive sentiment.

Currently, BNB is trading at 708.64 with a market capitalization estimated between $96.46 billion and $103.95 billion, ranking it among the top five cryptocurrencies by market cap, and a circulating supply between 139 million and 150 million BNB.