Ken Nuipes (buposert)
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In 2024, Binance Coin (BNB) has seen significant developments and market activity. One of the key highlights was BNB reaching its highest value since the FTX crash, driven by a surge in transfers as users moved $400 million worth of tokens to participate in airdrop farming for the cross-chain gaming project Portal [oai_citation:1,BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal's Airdrop Farming. BNB Chain also reported substantial growth in Q1 2024, with increases in users, transactions, and total value locked (TVL). The NFT sector on BNB Chain experienced a significant boost, contributing to this growth despite global regulatory challenges. Additionally, the market reacted positively to news about Binance potentially settling multiple U.S. criminal charges for $4 billion, which boosted BNB's price.
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