BNB Surges 2.06% Amid $2.45B Trading Volume and Major Abu Dhabi Hack Event

BNBUSDT traded at 873.60 USDT, reflecting a 2.06% increase over the past 24 hours with a 24h open of 855.93 USDT. The price change is largely attributed to heightened market activity, with 24-hour trading volume between $1.79 billion and $2.45 billion, alongside robust participation in recent events such as the BNB Hack Abu Dhabi and Binance's Options platform upgrade. These developments have contributed to increased retail interest and overall trading volumes. Meanwhile, broader market sentiment remains cautious, influenced by technical indicators showing short-term bearish momentum and BNB trading below key moving averages. BNB's market capitalization stands between $119.30 billion and $122.164 billion, ranking it as the fourth largest cryptocurrency by market cap, with a circulating supply of approximately 138 million BNB.