BNB rises above $700 to a new high! Market value surpasses Starbucks and approaches electronics giant Sony
Binance's platform coin BNB has become the mainstream currency that has broken through the high point of the last bull market after Bitcoin, hitting a new high of $716 before the deadline, up more than 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 electronics manufacturers (market value $105.03B).
As Bitcoin once again reached $71,000, the most outstanding performance among the top ten currencies by market value is BNB, the platform currency of Binance, the world's largest exchange. According to Binance spot market data, BNB has been rising since $626 at 6 o'clock last night, and officially broke through the high of $691 in the last bull market at about 8:45, becoming the second mainstream currency to hit a new high after Bitcoin.
Before the deadline, it reached a high of $716, and is now at $707.3, up 12.06% in the past 24 hours.
BNB's market value exceeds $100 billion, approaching Sony
As BNB hit a new high, its market value also officially exceeded $100 billion, reaching $104 billion, firmly sitting on the throne of the fourth largest cryptocurrency by market value, leaving SOL's market value of $79.3 billion behind, approaching USDT's market value of $112 billion.
According to real-time data from 8MarketCap, the market value of BNB is close to Sony, one of the world's largest electronics manufacturers (market value $105.03B), and has surpassed Air Liquide, one of the world's largest industrial gas suppliers, and Essilor Luxottica, the world's leading manufacturer of glasses and eyeglass lenses (market values of $103.76B and $103.23B, respectively), making BNB the world's 163rd largest asset.
BNB spot market share is nearly 45%
On the other hand, Binance's market influence still dominates. According to data from The Block, its spot trading market share reached 44.17% in May, far ahead of Bybit and OKX's 9.64% and 6.95%.
