BounceBit, affected by market declines, is searching for a new breakout. The price of $BB has fallen to $0.116. The short-term target for BB is $0.5, which is currently well away from this target.
BounceBit is a BTC re-staking chain with an innovative CeDeFi framework. Through its CeFi + DeFi framework, BounceBit allows BTC holders to earn returns from multiple sources. It has become even more powerful with BounceBit Prime. BounceBit Prime was developed in collaboration with custodians and fund managers such as BlackRock and Franklin Templeton. With Prime, users have direct access to tokenized RWA returns.
We are curious to see when these developments will impact the $BB token. We will continue to monitor the BB token.