Binance Clears the Clouds: BNB Resurges to 500 After Two-year Absence, Launchpool Boosts Momentum?

The largest cryptocurrency exchange, Binance, saw its platform coin BNB return to the $500 mark after a two-year hiatus, with a 27% increase in the past 7 days and over a 60% increase in the past 30 days. Although the rise of BNB aligns roughly with the trend of Bitcoin’s price, Binance’s recent Launchpool (new coin mining) may also be a significant driving force for BNB.