BIFI Token Soars 196% on Binance: Trading Volume Hits $46.6M Amid Extreme Volatility

The recent price surge in BIFIUSDT, with Beefy (BIFI) rising 196.04% over the last 24 hours to 313.8 USDT on Binance, is primarily attributed to heightened trading activity and market momentum, as there are no specific external news events identified as the driver. Increased trading volume and thin liquidity, compounded by the limited supply of 80,000 tokens, have contributed to significant volatility, including a 24-hour high of 7,551 USDT and strong market fluctuations. The asset remains under watch due to extreme volatility and overbought RSI levels, with Binance recording the highest trading volume at 46.62 million USDT.