$BNB BNB Rises 4.5% as Binance Receives Largest Single Investment in Crypto Business Ever

Coinspeaker BNB Rises 4.5% as Binance Receives Largest Single Investment in Crypto Business Ever

Binance Coin BNB $579.4 24-hour volatility: 3.6% Market capitalization: $84.48 B 24-hour Vol.: $1.19 B emerged as a standout performer on March 13 amid a broader decline in the crypto market. The token has risen to $578, marking a 4.5% increase in the last 24 hours.

The price increase coincides with the first institutional investment from Abu Dhabi-based MGX in the exchange, committing $2 billion. This is not only the largest investment in a cryptocurrency company to date but also the largest investment ever made using cryptocurrency.

BNB Chain also announced that they are boosting their ecosystem growth efforts, allocating $4.4 million in liquidity across all sectors, starting March 13. This new funding round is expected to drive further adoption and utility across the BNB ecosystem.