📢 What's Happening with BNB Price? "This Surge Was Evident Last Month," Analyst Explains the Reason:😱😱😱😱😱😱😱
🔥BNB, a cryptocurrency associated with Binance and its now-imprisoned co-founder Changpeng Zhao, reached a record high in the first week of Zhao's four-month prison sentence in the US.
🔥This surge highlights Zhao's status as the wealthiest person in a US federal prison. Zhao began his four-month sentence on Tuesday, having surrendered to a California prison for not adequately safeguarding the world's largest crypto exchange from money laundering.
🔥According to CoinGecko, BNB's price surged to $717.48 on Thursday, boosting its market value to $109 billion. The token has more than doubled in price since the start of the year.
🔥BNB's trajectory mirrors Binance's fortunes. The total value of assets on the exchange has grown from around $80 billion in early January to $125 billion today, reinforcing its dominance despite a turbulent period last year, which ended with the company paying a record $4.3 billion fine to settle a case with U.S. authorities.
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