BNB Token Surges 2.56% as CEA Industries Invests $500M and DEX Volume Hits Record Highs

BNBUSDT has experienced a 2.56% price increase over the past 24 hours, with the current price at 768.83 USDT and a 24-hour open of 749.61 USDT. The recent price movement is primarily attributed to positive developments such as CEA Industries’ $500 million private placement to adopt BNB as its primary treasury reserve, which has reinforced institutional confidence in BNB. Additionally, Binance’s distribution of TOWNS and PROVE tokens to BNB holders and BNB Chain’s record DEX volume following the Maxwell upgrade have contributed to heightened market activity and sentiment.

BNB’s 24-hour trading volume stands at approximately $2 billion, with a trading range between 745.11 and 774.84 USDT. The asset maintains a market capitalization near $107.9 billion and a circulating supply of about 139.29 million coins. Despite recent short-term bearish sentiment and a corrective phase after reaching an all-time high of 861.2 USDT, BNB remains one of the top cryptocurrencies by market cap, with current price action reflecting both institutional adoption and ongoing market adjustments.