BNB, the flagship token of the Binance exchange, is rallying. In 24 hours, the token’s price surged nearly 15%, going from around $262 on Dec. 25 to $301 the following day. The rally comes against the backdrop of the announcement about the launch of Sleepless AI on Binance Launchpool. Moreover, the company also published its bullish roadmap for 2024, boosting the BNB price further.
However, the rally also saw short-term traders pulling out profits, pushing the BNB price slightly down. The token trades at $295 at the time of writing, according to charts from the portfolio management app CoinStats.
Weekly BNB price chart. Source: CoinStats
The BNB token’s total market capitalization currently stands at over $45 billion. Ranked 5th on the chart, it sits below Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL).
Sleepless AI comes to Binance Launchpad
The upcoming launch of Sleepless AI on the Binance Launchpad has positively impacted investor sentiment. The company announced that the Web3+AI gaming platform will be the 42nd project on Binance Launchpool.
Following its launch on Dec. 28, Binance traders will have a seven-day window to farm Sleepless AI tokens by staking BNB, FDUSD, and TUSD.
