Key Takeaways:
- BNB surged over 30% in a week, surpassing XRP to become the third-largest cryptocurrency by market cap.
- The rally coincides with increased adoption, including a government-supported BNB fund in Kazakhstan.
- Community skepticism is rising, with accusations of price manipulation and concerns over Binance’s influence on BNB’s supply.
BNB, the native cryptocurrency of BNB Chain, has surged past XRP to become the world’s third-largest digital asset by market capitalization.
The token’s market value jumped roughly 28% over the past week, adding about $40 billion and outpacing the broader crypto market.
Hello 🥉 https://t.co/PUFYqRQ99s
— BNB Chain (@BNBCHAIN) October 7, 2025
BNB broke above $1,100 for the first time and later traded around $1,311.89, marking a 30% weekly gain.
The rally coincides with growing adoption of the BNB ecosystem, including the launch of a government-backed BNB fund in Kazakhstan.
However, the speed of BNB’s rise has stirred debate across the crypto community.
While Bitcoin and Ether saw modest increases of 5% and 8.4%, respectively, some traders expressed skepticism, suggesting the gains may be artificially inflated.
Allegations surfaced on social media that Binance could be buying large amounts of BNB to liquidate shorts, while others questioned the extent of founder Changpeng “CZ” Zhao’s control over the token’s supply.
As of October 8, BNB ranks third in global market cap, behind Bitcoin and Ether, with XRP and Tether now in fourth and fifth place.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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