BB Token Surges 18% as Tokenized Stock Staking Launch Sparks Record Trading Volume on BounceBit
BounceBit (BBUSDT) experienced significant price volatility in the last 24 hours, with the price rising 18.27% to $0.1243 on Binance. The primary driver of this surge appears to be the recent introduction of tokenized stock staking on July 15, which enabled users to stake tokenized Apple, Tesla, BB, and BTC assets on BounceBit’s PoS chain using the xRWA feature. This development likely attracted increased trading activity and institutional interest, as evidenced by a record volume spike and a sharp price increase followed by profit-taking. Technical indicators show mixed momentum, with the RSI retreating from overbought levels and the price consolidating after reaching a high of $0.1243. Over the past 24 hours, BBUSDT has seen strong trading volumes and notable price swings, reflecting heightened market interest and volatility.