BNB Jumps Over 3% After $1.69B Token Burn, Overtakes XRP's Market Cap

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email BNB Jumps Over 3% After $1.69B Token Burn, Overtakes XRP's Market Cap XRP now has a market cap of $157.6 billion, slightly behind of BNB's $161 billion. By CD Analytics , Francisco Rodrigues | Edited by Stephen Alpher Oct 27, 2025, 12:17 p.m. BNBUSD (CoinDesk Data) What to know : BNB's price rose 3% in the last 24 hours, reaching $1,168 after a $1.69 billion token burn, the largest quarterly burn to date in U.S. dollar value. With the burn BNB recovered the third-place ranking it had to XRP. XRP now has a market cap of $157.6 billion, slightly behind of BNB's $161 billion. Both BNB and XRP have outperformed the broader cryptocurrency market, which saw a 1.15% rise in the last 24 hours. BNB's price action showed strength but remains uncertain with failed breakouts and lower highs. The price of BNB, the native token of the BNB Chain, rose 3% in the past 24 hours, climbing to $1,168 after the completion a $1.69 billion token burn, the largest quarterly burn in U.S. dollar terms to date for the token. The price recovery came after a volatile week marked by sharp selloffs, shifting technical trends, and a market capitalization shakeup that saw BNB briefly lose its third place — excluding stablecoins — to XRP after the latter’s outperformance. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The BNB Foundation said it destroyed over 1.44 million BNB tokens as part of its 33rd auto-burn, reducing the total supply to just under 138 million. The mechanism, designed to gradually bring supply down to 100 million, adjusts each quarter based on BNB price and activity on the BNB Chain. The burn added some momentum to the price, enough to reverse the broader shift in crypto rankings. XRP now holds a market cap of $157.6 billion, just behind BNB’s $161 billion, per CoinMarketCap data. Still, both of these tokens have been outperforming the wider cryptocurrency market, which as measured by the CoinDesk 20 ( CD20 ) index rose 1.15% in the last 24-hour period. BNB’s price action showed strength after opening at $1,134.46, with steady gains through the early hours and volume hitting $10.17 million by late morning. Still, some traders remain wary. Recent sessions have included failed breakouts and lower highs, signs of short-term uncertainty despite the burn-driven bump. If BNB can hold above $1,150, it may stabilize, according to CoinDesk Research's technical analysis data model. But broader positioning now hinges on whether the token can reassert itself both technically and in investor sentiment. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . AI Market Insights Technical Analysis BNB More For You OwlTing: Stablecoin Infrastructure for the Future By CoinDesk Research Oct 16, 2025 Commissioned by OwlTing Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You Filecoin Gives Back Most of Early Gains, Remains Barely Higher By Will Canny , CD Analytics | Edited by Stephen Alpher 1 min. ago The token has support at $1.625 and resistance in the $1.634-$1.685 zone. What to know : FIL climbed as much as 2% before the token sold off. Technical analysis revealed late-session selling pressure threatening key support levels Read full story Latest Crypto News Filecoin Gives Back Most of Early Gains, Remains Barely Higher 1 min. ago Fed Rate Cut Bets Lift BTC, TradFi Frets Over Margin Debt: Crypto Daybook Americas 1 hour ago ClearBank to Join Circle Payments Network, Expanding Access to MiCA-Compliant Stablecoins 2 hours ago Fed Interest Rate Decision and a Potential Merger: Crypto Week Ahead 3 hours ago Indian Judge Halts WazirX’s XRP Reallocation Plan Linked to 2024 Hack 3 hours ago Mt. Gox Delays Creditor Repayment to October 2026 4 hours ago Top Stories Fed Rate Cut Bets Lift BTC, TradFi Frets Over Margin Debt: Crypto Daybook Americas 1 hour ago Japan's New Yen Stablecoin is Asia’s Only Truly Global Fiat-Pegged Token 6 hours ago ClearBank to Join Circle Payments Network, Expanding Access to MiCA-Compliant Stablecoins 2 hours ago Indian Judge Halts WazirX’s XRP Reallocation Plan Linked to 2024 Hack 3 hours ago Bitcoin Surpasses 50-Day Average, but CoinDesk BTC Trend Indicator Remains Bearish 8 hours ago Restoring Privacy to ZEC on Solana via Encifher 5 hours ago