BNB Token Jumps 2.75% After August 7 Burn, Market Cap Hits $109.16B Amid Strong Volume

BNBUSDT has experienced a 2.75% price increase over the past 24 hours, with the current price at $786.72 and a 24-hour opening price of $765.70, driven primarily by Binance's recent BNB token burn on August 7, 2025, which reduced the circulating supply and contributed to positive market sentiment. Additional factors supporting the price movement include strong trading activity, with a 24-hour volume of $2.34 billion, and broader crypto market momentum influenced by Bitcoin's performance. BNB maintains its position as the 5th largest cryptocurrency by market capitalization, currently valued at approximately $109.16 billion, and continues to dominate the exchange-token sector with an 81% market share.