$BNB a 2.06% increase in BNB over 24 hours to $694.39 reflects positive expectations for the airdrop, Binance's strong market position in the second quarter, and favorable technical characteristics.

The announcement of the Caldera airdrop will create greater demand for BNB in the short term.

Binance continues to hold a 35.4% market share of trading volume in the second quarter despite challenges in the sector.

A technical breakout above significant moving averages (EMA) confirms a positive market development.