BNB Hits New ATH, Surpasses Solana in Market Cap Battle! 🏆📈
BNB (formerly Binance Coin) soared to a new all-time high of $804.70 on Wednesday, following its strongest weekly close to date. With a market cap now exceeding $110 billion, BNB has officially overtaken Solana and secured the fifth spot in the global crypto rankings, as per CoinGecko data.
📈 Bullish Momentum Building:
Derivatives data backs the rally, with Open Interest (OI) in BNB futures climbing from $1.05B to $1.23B, the highest since early December—signaling fresh capital entering the market.
Funding rates have flipped positive, with a spike to 0.023%, showing that long traders are paying shorts—a classic sign of bullish pressure.
🔥 Technical Outlook:
After a 15% weekly surge, BNB shattered its previous ATH of $793.86 (set in December) and now eyes the psychological $900 milestone.
Should a correction occur, $742 acts as key weekly support.
BNB’s breakout reflects strong momentum and growing confidence from both retail and institutional players. As the derivatives market heats up and bulls stay in control, $900 could be the next stop.
