BNB Overtakes XRP to Claim Third-Largest Crypto Spot
BNB, the native coin of BNB Chain, reached a major milestone by trading 13 million tokens on Tuesday at $1,326, with a market cap of $182 billion, according to CoinGecko. This surpasses Ripple-backed XRP, making BNB the third-largest cryptocurrency by market capitalization.
BNB’s price surged past the $1,100 region last Friday, accumulating around $40 billion in market value over the past week — a 30% rally.
Alongside this, the launch of a government-affiliated BNB fund in Kazakhstan has fueled adoption in key regions. Analysts, however, caution that such rapid price movements could involve market manipulation.
BNB’s Market Performance Outpaces Peers
While the broader cryptocurrency market remains in the green, BNB has outperformed competitors:
- Bitcoin market cap rose only 5% since October 1.
- Ethereum saw an increase of 8.4%.
- BNB surged 28% in the same week.
Earlier this year, a $40 billion increase in BNB’s market cap took over two months, compared to a week this time.
As of October 7, 2025, BNB ranks 3rd after Bitcoin and Ethereum, with XRP and USDT in 4th and 5th places. Despite the rally, Bitcoin and Ethereum have gradually lost market dominance, enabling BNB and a few others to climb the ranks.
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Community Speculation and Controversy
BNB’s rapid ascent has sparked discussions across social media. Some crypto enthusiasts question the utility of BNB tokens while speculating about potential pump-and-dump scenarios.
Platforms like Reddit and X discuss whether Binance may have influenced BNB prices by liquidating short positions, though Binance has not confirmed this.
A Reddit user remarked, “Can’t wait until they call it out for price manipulation using evidence.”
CZ and Binance Focus on Expansion
Changpeng Zhao (CZ) and the BNB Chain team continue development despite speculation. CZ reminded the community on X to “Keep Building on BNB Chain”, highlighting analytics from Momin Saqib showing 60 million monthly active addresses and record activity on tokens.
Reports suggest CZ may hold 64% of circulating BNB, potentially worth $116 billion at current market value.
As BNB gains traction globally, its influence within the crypto ecosystem continues to grow, signaling a major milestone for Binance and digital assets adoption worldwide.
