Cryptocurrency market cap rankings on CoinMarketCap or CoinGecko

BNB Surpasses SOL to Become 5th Largest Cryptocurrency with Market Cap of $776; XRP Also Flips SOL

Dec 4, 2024, 09:49 AM

In a significant shift within the cryptocurrency market, Binance's BNB has overtaken Solana's SOL to become the fifth largest cryptocurrency by market capitalization. This change occurred after BNB's market value surged by approximately 20% within 24 hours, reaching a record high of $776. The rapid ascent of BNB and XRP, which also recently surpassed SOL, has raised questions about market dynamics and the positioning of these cryptocurrencies. The developments reflect a notable volatility in the crypto space, as both BNB and XRP have flipped SOL's market cap in a span of just 48 hours.