BB Token Soars 41.7% After BounceBit Prime Launch, Buyback Program, and Major Partnerships

BounceBit (BBUSDT) experienced a significant price increase of 41.70% over the last 24 hours, rising from 0.1024 to 0.1451 USDT according to Binance data. This surge is primarily attributed to the launch of BounceBit Prime, which integrates Franklin Templeton’s tokenized money market fund (BENJI) and enables on-chain deployment of real-world assets for structured yield strategies. Additional factors contributing to positive sentiment include the initiation of a multi-year BB token buyback program funded by protocol revenue, recent partnerships such as BlackRock, and the chain’s CeDeFi framework allowing BTC holders to restake assets for yield. The current market capitalization is approximately $75–76 million, with trading volumes ranging from $7.4 million to $76 million across platforms. Technical analysis indicates consolidation after the price surge, with traders monitoring key support and resistance levels and noting BounceBit’s dual-token Proof-of-Stake consensus and institutional compliance measures.