There have been changes in the top 10 rankings on Coinmarketcap. Binance Coin (BNB), which has been performing incredibly for days, has left well-established altcoins behind.
Accordingly, BNB left behind Tether (USDT) and XRP with a remarkable performance.
As the BNB rally continues, BNB has moved into third place in terms of market capitalization, leaving behind XRP and USDT.
BNB, which broke a new record of $1,283 on the Binance USDT spot market, has risen to approximately $178.9 billion in market value, according to CoinMarketCap data.
According to the latest changes, BNB rose to the 3rd place among the largest cryptocurrencies, while XRP fell to the 4th place.
Meanwhile, Tether (USDT) fell to 5th place, just behind XRP.
It is estimated that this rise in BNB, which broke a new record by exceeding $1,100 in the past weeks, is due to increased buying pressure in futures transactions and rumors that more spot BNB ETF applications are coming.
According to Coinglass data, BNB futures open interest continues to rise, while short positions broke a record in the last hour. BNB led the way with the most short liquidations, with $1.64 million liquidated in the last hour.
*This is not investment advice.