BINANCE BUYS TAG ASSETS: Crypto Token Skyrockets Following Purchase Announcement
In a strategic move, BNB Chain has announced a shift in its $100 million incentive program, focusing on direct token acquisitions from projects that meet specific criteria. These criteria include market caps above $1 million, daily trading volumes of at least $200,000, active user engagement, strong Total Value Locked (TVL), and security compliance.
This change marks a departure from previous broad incentives, as BNB Chain aims to strategically purchase tokens to stimulate innovation and growth within its ecosystem. One such example is the recent acquisition of over 40 million TAG tokens from TaggerAI for $25,000.
The purchase of TAG tokens is part of a series of investments under the revamped program, which also includes prior buys of tokens like FAIR3, BGSC, SKYAI, and others. This focused approach targets promising, technologically innovative projects, particularly those that merge AI and blockchain.
The direct purchase mechanism creates immediate liquidity and supports price stability for TAG tokens by providing a baseline buyer. It also signals strong endorsement and backing, potentially increasing market confidence in TAG. By acquiring TAG tokens, BNB Chain is fostering adoption of TaggerAI’s decentralized AI data platform on its blockchain, aiming to accelerate the integration of AI capabilities across the ecosystem.
At the time of writing, TAG is trading around $0.0006421 with a market capitalization of $69.6 million. The 24-hour trading volume of TAG has jumped 85% to $55.86 million following the announcement.
Technical analyst AlienOvichO expects TAG to reach $0.00077 in the near-term. Key resistance for TAG is at $0.0006500. The Relative Strength Index (RSI) is nearing the overbought threshold without exhaustion, suggesting potential for further upside for TAG. However, if TAG drops below the $0.0006200 support level, it could see a retest of the $0.0005800 support area.
It is important to note that this article is a news report and not financial or investment advice. Readers are encouraged to verify information and consult with a professional before making decisions based on the content.
For more information about the BNB Chain Foundation wallet address for the TAG purchase, visit this link. For AlienOvichO's prediction for TAG, visit this link. The announcement and details of the purchase can be found at this link.
BNB Chain's 24-hour trading volume is $2.95 billion, and its market cap is $109.14 billion.
[1] BNB Chain Press Release, July 22, 2025. [2] TaggerAI Press Release, July 22, 2025.
- BNB Chain's strategic move in its $100 million incentive program, which includes direct token acquisitions from technologically innovative projects, aims to stimulate growth and innovation within its ecosystem.
- The recent acquisition of over 40 million TAG tokens from TaggerAI by BNB Chain is part of a series of investments under the revamped program, targeting projects that merge AI and blockchain, such as TaggerAI, which is a decentralized AI data platform.
