BNB Surges 2.73% as Caldera Airdrop, ERA Trading, and Treasury News Fuel $2.95B Volume

BNBUSDT has experienced a 2.73% price increase over the past 24 hours, rising from 715.89 to 735.40. This upward movement is primarily attributed to strong bullish momentum following Binance's recent initiatives, including the launch of the Caldera (ERA) airdrop and the start of ERA spot trading, which have driven increased user engagement and activity. Additionally, Binance's 8th anniversary promotion and the announcement of a BNB treasury company by YZi Labs and 10X Capital have contributed to heightened institutional and retail interest. The recent minting of $2 billion USDT by Tether has also boosted overall market liquidity, supporting positive sentiment across the altcoin sector.

Currently, BNB is trading at 735.40 with a 24-hour trading volume of approximately $2.95 billion and a market capitalization of about $103.88 billion. The asset has shown a 7.89% gain over the past week and an 11.29% increase in the last month, reflecting strong investor interest and active trading.