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The BNB Chain Foundation has just made its first purchase of $95,000 worth of an ecosystem token, directly triggering a market surge. In a short period, the project's token price soared over 40%, with its market capitalization jumping from previous levels to the $20 million mark. It is now stable around $17.5 million.
This move by the foundation clearly boosted market confidence. Direct participation in such ecosystem funds often attracts more attention, especially on mainstream public chains like BNB Chain. The short-term strong performance of the token reflects market recognition of the foundation's support. However, this rapid increase also reminds investors to pay attention to subsequent price stability and the project's fundamentals.