BNB Surges 3% After $1.69B Token Burn, Reclaims Market Cap Edge Over XRP
BNB rallied over 3% in the past 24 hours, climbing to $1,168, after completing a $1.69 billion token burn — its largest in dollar terms to date — helping it regain its position ahead of XRP in global crypto rankings.
The BNB Foundation confirmed it destroyed 1.44 million BNB tokens in its 33rd quarterly auto-burn, cutting total supply to just under 138 million. The burn mechanism, which automatically adjusts each quarter based on BNB’s price and chain activity, is part of the network’s long-term plan to reduce the token’s supply to 100 million.
The move boosted BNB’s market capitalization to $161 billion, narrowly surpassing XRP’s $157.6 billion, according to CoinMarketCap data. The shift follows a volatile week marked by brief price reversals and profit-taking that temporarily pushed BNB below XRP’s value.
Broader market sentiment remains cautiously optimistic. The CoinDesk 20 Index rose 1.15% over the past day, showing strength across major tokens. Still, analysts say BNB must hold above $1,150 to confirm stability, noting that recent sessions have shown weaker breakouts and mixed technical signals.
