HIFI Token Surges 34% in 24 Hours Amid Binance Promotions and Renewed User Engagement

HIFIUSDT experienced a significant 24-hour price increase of 34.12%, rising from a 24h open of $0.1011 to a current price of $0.1356 on Binance. This sharp rebound follows a period of high volatility, which included large-scale sales by major holders totaling approximately 12 million HIFI tokens, resulting in reduced liquidity on exchanges and a drop in total value locked from $120 million to $40 million over two weeks. Staking yields also fell from 18% to 6%, reflecting decreased protocol activity. Despite the recent price recovery, HIFI remains down 78.22% year-to-date, with a market capitalization of $15 million and a circulating supply of about 142 million tokens. Trading volume in the past 24 hours reached $16 million. The recent price movement appears to be influenced by both the prior large holder sell-offs and renewed user engagement driven by Binance's HIFI promotional programs, including 'Learn & Earn,' missions, and referral incentives.