BNB Token Dips 2.67% Amid Bonding Curve TGE Launch and Soft Staking Rollout

BNBUSDT experienced a 2.67% decline over the past 24 hours, with the price dropping from a 24h open of 755.11 USDT to a current value of 734.96 USDT. This price movement follows recent developments including Binance's launch of a Bonding Curve-based Token Generation Event (TGE) model and the introduction of soft staking for BNB, which may have influenced short-term trading activity and liquidity dynamics. Despite BNB surpassing $740 earlier in the week and testing resistance levels, the asset has shown more modest gains compared to other major altcoins, with some large holders reportedly reducing exposure and market dominance reaching a five-month low.

Currently, BNB trades around 734.96 USDT with a 24-hour trading volume between $2.14 billion and $3.27 billion, a market capitalization in the $101–107 billion range, and a circulating supply of approximately 139.29–150 million tokens, reflecting ongoing coin-burning events and recent price volatility.