BNB Soars 15% in Two Days… Impact of Abu Dhabi MGX Investment

# BNB Soars as $2 Billion Investment Shakes Crypto Markets New York – Cryptocurrency BNB has surged dramatically in a short span, capturing the market's attention. According to reports from foreign media on the 13th (local time), BNB has risen 15% over the past two days, a move attributed to a $2 billion investment by Abu Dhabi-based investment firm MGX. # Market Enthusiasm Rises The overall market adjustment recently pushed BNB's price down to $511.85. However, over the past 48 hours, BNB rebounded by more than 15%. Following this rebound, BNB gained an additional 6%, bringing its price to $580.88. Despite the recent rally, BNB remains 30% below its all-time high (ATH) of $793.35. Nevertheless, the latest surge has rekindled investor enthusiasm. Particularly, MGX's substantial investment is seen as a factor that could further boost BNB's upward trajectory. # MGX's $2 Billion Investment The primary driver behind BNB's sharp rise is the substantial $2 billion investment by Abu Dhabi investment firm MGX. This represents one of the largest investments made in the cryptocurrency industry, paid entirely in stablecoins. This method of investment enhances Binance's financial stability, thereby increasing market confidence. Additionally, interest in BNB has surged in the options market as well. Open interest in options has increased by 19.79%, reaching $11.96 million. This indicates a growing participation by both institutional and retail investors in the market. Should the closing price remain strong this week, BNB could potentially aim for the $650 mark.