BNB Coin (BNB), the main token on BNB Chain, has stunned the crypto markets by surpassing Ripple (XRP) in global market cap. The latest price data from CoinGecko reveals a $179.7 billion market cap for the Binance-backed altcoin, while Ripple’s XRP token gathered $178.29 billion.
BNB Coin Hits Fresh ATH, Snatches 3rd Spot From XRP
Judging by the 24-hour trading volumes, BNB edged XRP $8.98 billion to $6.6 billion, latest SoSoValue data revealed. Presently, BNB is trading at $1,303, keeping afloat with this support level while most other major-cap altcoins succumbed to 2-3% deficits on Wednesday. Meanwhile, XRP coin saw an unpleasant downswing back to $2.85, now bouncing off the late September support levels.
What’s driving BNB coin’s four-digit rally? Even though the Binance-backed altcoin itself isn’t garnering much attention on the leveraged markets, the native crypto’s price boost can be easily explained by the rising activity on Perpetuals. Since the launch of Aster Perpetual DEX exchange, the leveraged markets enjoyed record-high trading volumes, with multiple BNB-based cryptos in the spotlight.
BNB Chain Hosts Dominating Perpetual Memecoins
Taking a look at top gainers on CoinGlass, the dog-themed CHEEMS seems to be the star of the day. Based on Open Interest (OI), which practically is unsettled leveraged plays on the asset, sparked up a 1,106% rally on the Changpeng ‘CZ’ Zhao themed 4 token, gaining over $37 million over the past 4 hours.
The meme coin-dominated growth on Perpetuals markets served a powerful boost to the overall market capitalization for this asset class. The meme coin category summoned $80.909 billion after a 7% upswing over the past 7 days, even though the Wednesday sentiment hints at slimming pockets with BTC’s plunge to $121K.
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People Also Ask:
As of October 8, 2025, BNB’s market cap hit $179.7B, surpassing XRP’s $178.29B, making BNB the third-largest crypto.
The altcoin is currently trading at $1,303, up from $1,294 yesterday.
The rise is fueled by CoinGecko data, plus a surge in perpetual (Perp) trading with meme coins like CHEEMS and CZ’s 4, driving hype and volume.
No firm predictions, but XRP could rebound if market trends shift—watch volume & overall market sentiment closely.
See the real-time price data on CoinGecko, follow Collin Wu’s official X handle & stay alerted with DailyCoin’s updates.
