Market data reveals that BRETT experienced a significant price surge, briefly exceeding 0.11 USDT before stabilizing at 0.101 USDT. This represents a 24-hour increase of 31.97%. The sudden rise in price is attributed to the recent announcement that Binance Futures will introduce BRETT 1-50 times USDT perpetual contracts.
Key Highlights:
Price Surge: BRETT saw a rapid increase in value, climbing above 0.11 USDT in a short period before settling at 0.101 USDT.
Market Reaction: The 31.97% increase within 24 hours is largely due to Binance's announcement, which has driven increased interest and trading volume for BRETT.
Binance Futures Launch: Binance Futures' decision to launch BRETT 1-50 times USDT perpetual contracts has fueled speculation and trading activity, contributing to the token's price volatility.