According to Coinglass data, the token BNX of the BinaryX platform has surged by as much as 25% in the past 24 hours, ranking first on the Binance Futures leaderboard. The 3-day cumulative increase has reached 293%, with the current market capitalization at around $201 million. The open interest of BNX futures contracts has reached $125 million, and the funding rate has previously soared to -2%.
BNX, the token of the BinaryX (@binary_x) platform, is backed by the Four.meme incubation team. It is worth noting that the team had proposed to change the token symbol from BNX to $FOUR last September, and the BNX market capitalization was even $10 million lower than TST before this recent surge. The industry often wonders why the BNX team is always present whenever there are major developments on the BNB chain. The answer can be traced back to 2018: the team members had previously left OKX to found the JEX futures exchange, which was later acquired by Binance and integrated into its contracts department. This development history not only demonstrates the team's rich experience in consecutive entrepreneurship, but also reveals their deep "casino experience" background, which has laid a solid foundation for their precise capture of market opportunities.
