Binance Coin Surpasses Tether: BNB Reaches Third-Largest Cryptocurrency Market Cap

Binance Coin (BNB) has achieved a significant market milestone, surging past Tether to become the third-largest cryptocurrency by market capitalization. Data from CoinGecko shows BNB’s value now stands at $177.97 billion, narrowly surpassing XRP’s $177.9 billion. This surge coincides with Binance Coin rallying 4.7% in 24 hours, reaching its strongest intraday high of $1,275.66. The catalyst for this rally includes institutional investment, growing on-chain activity on the BNB Chain, and ongoing ecosystem upgrades.