BB Token Soars 31% as BounceBit Unveils $BENJI Collateral, Buyback Program, and Major Partnerships

BBUSDT has surged 31.14% in the past 24 hours, rising from 0.1018 to 0.1335, with the price increase largely attributed to BounceBit’s recent integration of Franklin Templeton’s tokenized money market fund ($BENJI) as collateral and the announcement of a $BB buyback program, which repurchased 5 million BB using protocol revenue. These developments, alongside growing institutional adoption and partnerships with major financial institutions such as BlackRock and Franklin Templeton, have driven positive sentiment and increased trading activity. The current market shows robust volume and a market capitalization of approximately $76.5 million, with BBUSDT experiencing notable volatility and strong investor interest following these strategic updates.