BNB Token Surges 2.28% After 20M Chainbase Airdrop and Spot Listing Boost Demand

BNBUSDT experienced a 2.28% price increase over the past 24 hours, rising from 730.15 to 746.81 USDT. This upward movement is primarily attributed to positive sentiment following Binance’s recent distribution of 20 million Chainbase (C) tokens to BNB holders as part of its 28th HODLer Airdrop, as well as the subsequent listing of Chainbase (C) on Binance spot markets. These events have likely contributed to increased demand and trading activity for BNB, supporting its price appreciation.

Currently, BNBUSDT trades at 746.81 USDT with a 24-hour trading volume between $1.39 billion and $3.24 billion, maintaining its position as the 5th largest cryptocurrency by market capitalization, which is estimated between $103.81 billion and $109.11 billion. The asset has shown notable strength in recent sessions, with technical analysis indicating a bullish outlook and immediate resistance near the $747 level.