HuaXing Bank in China is collaborating with YZI Labs to create a $600 million BNB fund, which is a rare opportunity for domestic institutions to enter the market openly. $BNB

This news has been verified as true.

$BNB has been oscillating at a high level these past few days, and as soon as the news broke, the price surged instantly. Such institutional-level capital is not entering the market merely for short-term trading.