BNB Surges 3% as HODLer Airdrops and $500M Treasury Strategy Drive Institutional Interest

BNBUSDT has experienced a 3.00% price increase over the past 24 hours, rising from an open of 750.42 to a current price of 772.90. This positive movement is primarily attributed to recent developments, including Binance's launch of the HODLer Airdrops program for TOWNS and the announcement by CEA Industries of a $500 million private placement to establish a BNB-focused treasury strategy. These events have generated increased interest and trading activity around BNB, despite recent market volatility and a broader bearish sentiment following a decline from its late July all-time high.

Currently, BNB is trading at 772.90 with a 24-hour trading volume of approximately $2.00 billion and a market capitalization near $107.54 billion, maintaining its position as one of the top cryptocurrencies by market cap. The circulating supply stands at about 139.29 million BNB, and the asset has shown resilience amid recent fluctuations, supported by significant institutional interest and ongoing ecosystem developments.