Binance’s native token BNB has become the mainstream cryptocurrency to break the previous bull market high, following Bitcoin. It reached a new high of $716 before the deadline, with a surge of over 12% in the past 24 hours. At the same time, its market value has exceeded $100 billion, approaching Sony, one of the world’s largest electronic product manufacturers, with a market value of $105.03 billion.
With Bitcoin surpassing $71,000 again, the most outstanding performance among the top ten cryptocurrencies by market capitalization is BNB, the native token of the world’s largest exchange, Binance. According to Binance spot market data, BNB has been rising since $626 at 6 PM yesterday, and officially broke the previous bull market high of $691 at around 8:45 PM. It is the second mainstream coin to reach a new high after Bitcoin. It reached a peak of $716 before the deadline and is currently trading at $707.3, with a 12.06% increase in the past 24 hours.
As BNB reached a new high, its market value has officially exceeded $100 billion, reaching $104 billion, firmly placing it as the fourth-largest cryptocurrency by market capitalization, surpassing SOL’s $79.3 billion market value and approaching USDT’s $112 billion market value. According to real-time data from 8MarketCap, BNB’s market value is close to that of Sony, one of the world’s largest electronic product manufacturers, and has surpassed Air Liquide, one of the world’s largest industrial gas suppliers, and EssilorLuxottica, a global leader in eyewear and eyeglass lens manufacturing, with market values of $105.03 billion, $103.76 billion, and $103.23 billion, respectively, making BNB the 163rd largest asset in the world.
On the other hand, Binance’s market influence continues to dominate. According to data from The Block, its spot trading market share reached 44.17% in May, significantly ahead of Bybit’s 9.64% and OKX’s 6.95%.
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