BNB Surges 2% as Binance’s 8th Anniversary and Soft Staking Drive Record Investor Activity

In the past 24 hours, BNBUSDT has experienced a 2.04% price increase, rising from an open of $679.23 to $693.07. This upward movement is attributed to heightened investor engagement surrounding Binance’s 8th anniversary events, which offer substantial BNB rewards, and the recent introduction of Soft Staking, allowing users to earn daily rewards while maintaining liquidity. Technical analysis indicates that traders are accumulating BNB, with the price consolidating near key resistance levels and showing resilience despite recent volatility.

Currently, BNBUSDT is trading at $693.07 with a 24-hour trading volume exceeding $1.9 billion and a market capitalization of approximately $96.03 billion, ranking it among the top five cryptocurrencies. The asset has demonstrated stable performance with minor fluctuations, reflecting continued strong investor interest and robust market activity.