BNB Token Surges 2.23% as SEC Case Dropped, Kraken Listing and $3.3M Competition Boost Momentum

BNBUSDT experienced a 2.23% price increase over the past 24 hours, rising from an open of $652.71 to $667.29, with the move attributed to several positive factors. The price rebound follows the recent announcement that the SEC has dropped its case against Binance, which has boosted market sentiment and contributed to renewed investor confidence. Additional upward momentum has been driven by Binance's ongoing BNB Smart Chain Trading Competition, offering $3.3 million in rewards, and the upcoming listing of BNB on Kraken, expanding its market accessibility. Regulatory developments, such as South Korea considering spot crypto ETFs, may also be supporting optimism around BNB’s broader adoption.

Currently, BNB is trading at $667.29 with a 24-hour trading volume between $1.39 billion and $1.64 billion, maintaining its position as the fourth largest cryptocurrency by market capitalization (approximately $91.62–$93.31 billion), and showing robust liquidity and sustained upward momentum despite remaining below its all-time high.