BNB (BNB) rose 5.21% in the last 24 hours

Gate News Bot reports, on October 24, according to CoinMarketCap, as of the time of writing, BNB (BNB) is currently priced at $1136.67, up 5.21% in the last 24 hours, reaching a high of $1154.89 and a low of $1024.08. The 24-hour volume has reached $5.629 billion. The current market capitalization is approximately $158.202 billion, an increase of $7.838 billion compared to yesterday.

BNB Chain is committed to building infrastructure for the next billion Web3 users. It offers a fast, cost-effective, and EVM-compatible BNB Smart Chain, as well as BNB Greenfield for decentralized data storage and economy. BNB Chain has also launched opBNB based on OP Stack as its Layer 2 solution.

Important news about BNB recently:

1️⃣ Trump pardons Zhao Changpeng, driving a short-term pump in BNB.

Former U.S. President Trump pardoned Binance founder Zhao Changpeng on October 24, and this news quickly drove the price of BNB to rise. In a short period, BNB reached $1146, with an increase of over 5%. This political event alleviated market concerns about regulatory risks related to Binance and boosted investor confidence.

2️⃣ The BNB Chain ecosystem continues to expand.

BNB Chain has recently made progress in multiple areas. The prediction market service provider Opinion has launched its mainnet and opened it to some whitelist users. In addition, the decentralized stablecoin USDD has also announced its native deployment to BNB Chain and launched a limited-time financial product with up to 15% APY. These developments indicate that the BNB Chain ecosystem is continually enriching, helping to attract more users and funds.

3️⃣ Cross-chain capital inflow rise

In the past 30 days, BNB Chain has attracted approximately $1.1 billion in cross-chain capital inflow, with 40% completed through the deBridge protocol. This data reflects the advantages of BNB Chain in cross-chain interoperability, while also demonstrating investors' continued confidence in the BNB ecosystem.

The technical aspect of BNB shows a strong upward trend, breaking through several key resistance levels. However, investors still need to be cautious of market volatility risks, especially considering that the recent rapid rise may trigger a short-term correction.

This message does not constitute investment advice, and investors should be aware of market volatility risks.