BNB temporarily surges to $720 amid MyShell IDO launch

BNB briefly surged to $720 on Binance Exchange at around 02:00 UTC today (Feb. 13), following the launch of the MyShell (SHELL) initial DEX offering (IDO) on Binance Wallet. The IDO, which began at the same time, is set to conclude at 13:59 UTC on the same day. The subscription cap per Binance Wallet user is 3 BNB. At the time of writing, BNB is trading at 706.90 USDT on Binance, up 11.16% over the past 24 hours.