BNB Coin New Target: BNB Plans to Surge to $400 as SEC Lawsuit Still Impacts

Crypto News – On Thursday, February 22, there was a significant upward price movement in BNB Coin, the native cryptocurrency of BNB Chain, formerly known as Binance Smart Chain. The price of BNB has soared over $381 and is aiming for its next immediate objective of $400.

BNB Coin New Target: BNB Plans to Surge to $400 as SEC Lawsuit Still Impacts

Putting aside worries from last year about legal issues surrounding crypto trading, this is the greatest level for BNB Coin since the FTX crisis. An approaching airdrop that attracted BNB users provided the gasoline for this surge.

The SEC sued the cryptocurrency exchange last year, and there was a significant regulatory pushback. BNB suffered difficulties last year as its price stumbled and fell to a two-year low in October, even as the entire cryptocurrency market saw a comeback.

BNB Airdrop is Coming

The most recent airdrop hype has spread even farther inside the BNB ecosystem as a result of Binance adding the cross-chain game platform Portal to its Launchpool. By doing this, users of Binance will be able to list the tokens on the exchange and take part in the PORTAL token airdrop, which is set for February 29.

Users can qualify for the airdrop by locking up their FDUSD stablecoins or BNB tokens in the Portal’s liquidity pools. Blockchain intelligence company Arkham said that within 24 hours of the announcement, BNB holders quickly moved over $400 million worth of BNB tokens to Portal.