BNB Token Surges 2.15% as New Listings, Airdrop, and Soft Staking Drive Demand

BNBUSDT has experienced a 2.15% price increase over the last 24 hours, rising from a 24h open of 749.00 to a current price of 765.12 USDT. This upward movement is attributed to several recent developments, including Binance's listing of Chainbase (C) with BNB trading pairs, a BNB-based airdrop event, and the introduction of Soft Staking, which allows users to earn daily rewards on BNB holdings without locking funds. These initiatives have likely contributed to increased demand and positive sentiment around BNB. Additionally, BNB's price action has been supported by a broader crypto market rally and strong investor confidence, as evidenced by record-high open interest in BNB derivatives and a sustained upward trend over the past month.

Currently, BNB is trading at 765.12 USDT with a 24-hour trading volume of approximately $2.58 billion and a market capitalization of about $106.23 billion, ranking it as the fifth largest cryptocurrency by market cap. The circulating supply stands at roughly 139.29 million BNB, and the asset has demonstrated notable stability and resilience compared to other altcoins in recent sessions.