BNX briefly broke through $1.67, with a 24-hour increase of 33.88%
Bitget market data shows that BNX briefly broke through $1.67, with a 24-hour increase of 33.88%, currently reported at $1.577.
Public information reveals that BNX has proposed significant changes to its token economy, suggesting the destruction of 74% of the supply volume. In response, BNX's value increased sharply, with a rise of +35% in the past 24 hours. Despite previous market downturns, BNX has shown strong resilience and has risen by +60% over the past month and +500% over the past year.
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Paying the price for supporting the yen? Japan's foreign reserves fell by $87.8 billions in August, possibly due to selling US Treasuries for funding.
Japanese authorities may have used part of their foreign exchange reserves, including foreign securities such as U.S. Treasury bonds, over the past month to fund record-sized foreign exchange intervention operations.
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