BNB Surges 2.73% to $750 as Soft Staking, Airdrops, and High Volume Drive Market Momentum

BNBUSDT has experienced a 2.73% price increase over the past 24 hours, rising from a 24h open of 730.46 to a current price of 750.40 USDT. This upward movement is attributed to several positive developments, including Binance's introduction of soft staking for BNB, ongoing promotional activities for its 8th anniversary, and recent airdrops such as Chainbase (C) to BNB holders. Additionally, bullish technical momentum following the break above the $740 resistance level and strong trading activity, with a 24-hour volume exceeding $1.34 billion, have contributed to the price appreciation.

BNB remains highly active in the market, with a current price of 750.40 USDT, robust trading volumes, and a market capitalization estimated above $109 billion, reflecting sustained investor interest and positive sentiment.