BNB Surges Past $690 Amid $1B Token Burn and Rising DEX Activity
TL;DR Summary
BNB's recent $1 billion token burn and record DEX volume have positively influenced its price, which has doubled since early 2024, reaching $692. While supply reduction plays a role, increased on-chain demand, especially from DEX trading, appears to be a significant factor. Key resistance and target levels to watch are $700 and $800, with short-term caution advised by options market data.
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