BNB flips XRP as the third-largest crypto asset by market cap

BNB, the native cryptocurrency of the BNB Chain, has overtaken Ripple-backed XRP, becoming the third-largest digital asset by market capitalization. As of October 7, 2025, BNB traded at $1,326, marking a nearly 30% rise in just seven days, resulting in a market cap of $182 billion. This significant increase coincides with broader crypto market gains but has raised concerns of potential price manipulation. BNB’s market cap has surged by approximately $40 billion during a time when Bitcoin and Ether have seen more modest increases of around 5% and 8.4%, respectively. The rapid rise of BNB has sparked discussions on social media regarding its utility and possible manipulation. Allegations suggest that Binance might be actively influencing BNB's price movements. Despite these controversies, BNB has continued to record strong growth, boasting 60 million monthly active addresses. Binance founder Changpeng Zhao has remained silent on the manipulation rumors, although speculation arises concerning his significant holdings in BNB.

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