Let's address the question: why has the price of BounceBit ($BB ) risen in the last 24 hours? First, let's look at the data. In real-time, the price of BB has increased by 10.16% over the day, and trading volume has risen by 125.56%. This is a significant increase, so we need to understand what caused it.
From the news, it is clear that the integration of BounceBit with the tokenized money market Franklin Templeton is often mentioned. This was announced on August 5, just a few weeks before the current date (August 22). However, the price spike occurred in the last 24 hours, which means there might be more recent events or consequences of previous news.
Another article discusses BB Prime — a platform that combines CeFi and DeFi, launched in June 2025. There is also a community post from August 13 noting a 30% increase in BB over two weeks, related to institutional partnerships. However, the user is interested specifically in the last 24 hours.
Let's check the technical analysis: the MACD histogram is negative, but the RSI is around 54-56, which is considered neutral. The price is above the 30-day moving average (SMA), indicating some bullish sentiment. Technical factors may be supporting the rise, but the main driver is likely to be the news.
There is also a tweet from August 18 stating that more than 4000 BNB have moved to BounceBit CeDeFi, indicating an increase in fund inflow. This falls within the last 24 hours. The fear and greed index is neutral, meaning the overall market sentiment is not too optimistic, but specific news about BB may stimulate growth.
In summary: the integration of the Franklin Templeton fund (BENJI) with BB Prime has likely begun to yield more results recently, possibly due to the platform's expansion or increased user activity. The recent inflow of BNB into the BounceBit ecosystem indicates growing interest and capital, which increases demand for BB. Additionally, the topic of real assets (RWA) and partnerships with major players such as BlackRock and Franklin Templeton create a positive foundation for investors, leading to the price increase. High trading volume confirms strong buying pressure.