BNB Surges 2.9% After Fermi Hard Fork, Grayscale ETF Filing, and $3.46B Trading Volume
BNBUSDT has experienced a 2.90% price increase in the past 24 hours, rising from a 24h open of 911.07 to a current price of 937.53. The upward movement is primarily attributed to the recent Fermi hard fork on Binance Chain, which enhanced network efficiency and transaction throughput, as well as increased network activity reflected in $1.2 million in transaction fees. Growing institutional interest, highlighted by Grayscale's spot BNB ETF filing and rising open interest in BNB futures ($1.50 billion), has further supported positive market sentiment. The price action is also bolstered by bullish technical indicators and strong trading volume, with the latest 24-hour volume reaching $3.46 billion and BNB maintaining a market capitalization of
approximately $127.96 billion, ranking fifth by market cap.
