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Binance Celebrates As BNB Price Soars Past $700 With ATH, Here’s Why
Binance lauded the recent surge in BNB price as the crypto exchange's native token attained a new all-time high by surpassing the $700 mark today
The Binance Coin (BNB) price has surged past the $700 mark, reaching an all-time high. This milestone comes amid a flurry of on-chain activity and growing network usage. Moreover, Binance, the popular crypto exchange that backs BNB, has expressed optimism toward the achievement.
Why Is Binance Coin Price Surging?
According to data from BscScan a significant uptick has been noted in BEP-20 token transfers. This involves an increase from 6.62 million on May 19 to 10.29 million by June 3. Moreover, the 56% surge in daily token transfers suggests a robust demand for the BNB network, highlighting its expanding utility and adoption.
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