BNB Surges 3.74% After Maxwell Upgrade, Token Burn, and Zero-Fee Trading Boost Market Momentum
BNBUSDT has experienced a 3.74% price increase over the last 24 hours, rising from 731.10 to 758.41 USDT on Binance. This upward movement is primarily attributed to the recent Maxwell upgrade on BNB Chain, which reduced block times and improved network performance, as well as the ongoing zero-fee trading event for BNBUSDT. Additional positive drivers include a recent token burn removing 1.59 million BNB from circulation, the passage of the U.S. "GENIUS Act" supporting stablecoin regulation, and increased stablecoin activity on the BNB network. The asset has also benefited from bullish technical breakouts, with traders targeting higher resistance levels amid strong market sentiment. In the last 24 hours, BNB traded between $652.38 and $753.85, with a trading volume ranging from $97.77 million to $1.45 billion and a market capitalization estimated between $90.32 billion and $109.97 billion, supported by a circulating supply of approximately 139.28 million to 150 million BNB.