RONIN Token Surges 21.87% Amid Mainnet Upgrade, Trading Volume Hits $109M on Binance

RONINUSDT has experienced a notable 21.87% price increase over the last 24 hours, with the current price at $0.535 and a 24-hour open at $0.439 on Binance. This surge is primarily attributed to heightened trading activity and bullish sentiment following technical analyses indicating strong upward momentum, as well as increased attention from traders after the recent suspension of RONIN deposits and withdrawals on Bithumb due to a mainnet upgrade. Additional factors contributing to the price movement include the broader interest in the Ronin network's role in Web3 gaming and the availability of leveraged trading through new perpetual contracts on Bybit.

Market data shows significant volatility, with trading volumes reaching as high as $109.49 million across various platforms and market cap estimates ranging from €364.18 million to $415.39 million. Discrepancies in reported prices and volumes across exchanges highlight the importance of referencing reliable sources, with Binance data confirming the strong upward trend and increased trading activity for RONINUSDT in the most recent period.