BNB Reclaims Lead Over XRP After $1.69B Token Burn Lifts Price 3%

BNB has regained its edge over XRP in market capitalization following its largest-ever quarterly token burn, which helped the asset rise 3% in the past 24 hours.

The native token of BNB Chain climbed to $1,168, recovering from recent volatility that saw it briefly slip behind XRP in market rankings. As of Monday, BNB’s market cap stands at $161 billion, compared with XRP’s $157.6 billion, according to CoinMarketCap data.

The BNB Foundation confirmed it destroyed 1.44 million BNB tokens—valued at $1.69 billion—in its 33rd quarterly auto-burn, marking the largest reduction in U.S. dollar terms to date. The auto-burn mechanism, introduced to manage supply and stabilize long-term value, adjusts each quarter based on BNB’s price and BNB Chain activity. The total circulating supply now sits just below 138 million tokens, en route to a target of 100 million.

The event provided a welcome boost after a turbulent week in crypto markets, where shifting sentiment and technical selloffs briefly allowed XRP to overtake BNB. The burn has since helped restore bullish footing for the Binance-affiliated token.

BNB’s session opened at $1,134.46, gaining steadily through the morning as trading volume topped $10.17 million. Despite the rebound, analysts warn that failed breakouts and lower highs in recent sessions signal lingering caution among traders.

According to CoinDesk Research’s technical model, holding above $1,150 could allow BNB to consolidate and rebuild momentum. Broader sentiment, however, will depend on whether the asset can sustain technical strength amid continued uncertainty in altcoin markets.

Meanwhile, the CoinDesk 20 Index (CD20)—which tracks the broader digital asset market—rose 1.15% over the same 24-hour period, underscoring modest but uneven recovery across major tokens.