BNB market cap rises $38 billion
Binance’s native cryptocurrency, BNB, has overtaken Ripple’s XRP to become the third-largest digital asset by market capitalisation, reaching about $182 billion.
BNB’s price climbed to over $1,324, nearly a 30% increase in just one week, according to CoinGecko data.
This growth outpaces gains made by Bitcoin and Ether in the same period, with Bitcoin increasing about 5% and Ether rising 8.4%.
Since October 1, BNB’s market cap has grown by approximately $40 billion, compared to a total crypto market increase of just 5.5%.
The recent surge aligns with increased adoption, such as a government-backed BNB fund launched in Kazakhstan, but some market participants have raised concerns about possible price manipulation.
Discussions on social media platforms like Reddit and X have questioned the legitimacy of BNB’s rapid rise.
“BNB is essentially like the FTX token. Can’t wait till it gets called out for the price manipulation with evidence,” one Reddit commented, comparing BNB to the FTX token, anticipating future exposure of price manipulation:
DeFiTracer on X suggested Binance may be buying BNB to liquidate short positions, potentially influencing price movements.
Changpeng Zhao, Binance’s CEO known as CZ, has not addressed these claims publicly but encouraged continued development on BNB Chain via his social media.
“While the broader industry feels like it’s still waiting for direction, BNB has quietly been putting up the strongest numbers in the industry," crypto analyst Momin Saqib noted, highlighting BNB Chain’s 60 million monthly active addresses and new record highs.
Reports from June 2024 indicated that CZ could personally hold around 64% of BNB’s circulating supply, which may amount to about $116 billion at current valuations.
BNB’s rise has shifted the cryptocurrency rankings, positioning it behind Bitcoin and Ether and ahead of XRP and USDT as of early October 2025.
At the time of reporting, the BNB price was $1,323.53.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Faces Regulatory Turning Point in November 2025: Institutional Integration and Compliance Obstacles
- In November 2025, Bitcoin faces regulatory crossroads as U.S. SEC approves spot ETFs and EU MiCA harmonizes crypto rules, accelerating institutional adoption. - 68% of institutional investors now allocate to Bitcoin ETPs, driven by GENIUS Act clarity and infrastructure advances, signaling strategic asset-class integration. - Compliance challenges persist due to fragmented enforcement, with MiCA passporting inconsistencies and U.S. stablecoin audit requirements complicating cross-border operations. - Futu
The Bitcoin Leverage Liquidation Dilemma: Widespread Dangers in Crypto Markets and Future Solutions
- Bitcoin's 2025 price drop below $104,000 triggered $1.3B in leveraged liquidations, exposing systemic fragility in crypto trading ecosystems. - Overleveraged retail investors and DATCos drove cascading liquidations, with platforms like Binance accounting for 72% of forced unwinds during volatile swings. - Growing Bitcoin leverage concentration and AI-driven retail participation amplify contagion risks as crypto's correlation with traditional markets deepens. - Experts warn financialization creates feedba
ALGO Falls by 5.41% Over 24 Hours as Argo Blockchain Undergoes Restructuring and Integrates Growler
- ALGO dropped 5.41% in 24 hours amid Argo Blockchain's restructuring and Growler integration, with year-to-date losses reaching 61.82%. - Argo finalized its court-approved restructuring on Dec 10, 2025, exchanging 8.75% senior notes for 10% ADRs and integrating Growler's resources. - Market reaction remains cautious as investors assess whether the restructuring will drive operational efficiency or merely restructure debt. - Growler's director appointment and new infrastructure aim to strengthen Argo's min
The Influence of Scholarly Studies on Developing Technology Industries
- Farmingdale State College bridges academia and industry through interdisciplinary AI programs and partnerships with firms like Tesla and National Grid . - Its BS in AIM combines technical AI training with ethics courses, addressing workforce gaps in responsible AI deployment and management. - Industry-linked initiatives like the Nexus Center's certificate programs and PSEG's innovation challenge create direct pathways to employment and scalable solutions. - A $164K NSF grant for AI education research and
Trending news
MoreCrypto prices
More
