BB (BounceBit) has risen 11.30% in the last 24 hours.

Gate News Bot report, September 25, according to CoinMarketCap data, BB (BounceBit) is currently priced at $0.23, having risen 11.30% in the last 24 hours, with a high of $0.25 and a low of $0.18. The current market capitalization is approximately $182 million, an increase of $18.5 million compared to yesterday.

BounceBit is a CeDeFi infrastructure project that provides solutions for institutional-level yield products, re-staking use cases, integration of real-world assets (RWA), and CeDeFi as a service, making high-yield opportunities accessible to everyone. The BounceBit chain is a dual-token PoS first layer protected by BTC and $BB, leveraging the security of Bitcoin to achieve full EVM compatibility. By designing liquidity custody tokens (LCTs) and collaborating with CEFFU, users can earn real interest from CeFi and use LCTs for re-staking and on-chain DeFi mining.

Important news about BB recently:

1️⃣ BounceBit Foundation is considering enabling transaction fees The BounceBit Foundation is evaluating the possibility of activating a fee function for the BounceBit Trade platform. This initiative aims to continuously repurchase BB tokens using the revenue generated from transactions, with the hope of enhancing token value and market confidence.

2️⃣ Platform revenue reaches a milestone of 12 million USD The BounceBit Trade platform has accumulated $12 million in revenue, demonstrating the project's commercial potential and user activity. This substantial revenue provides ample funding support for future token buyback plans.

3️⃣ Potential Token Buyback Plan If the fee switch is enabled and the revenue is used to repurchase BB tokens, this could have a positive impact on the supply and demand relationship of the tokens. Continuous repurchase actions help to reduce market circulation, potentially supporting the token price.

From a technical perspective, the 11.30% rise of the BB token in the past 24 hours may be partly driven by these positive news. Fundamentally, the revenue growth of the BounceBit platform and the potential implementation of a buyback mechanism indicate a healthy development trend for the project.

This message is not intended as investment advice; investors should be aware of market volatility risks.