BNB Surpasses $800, Overtakes Solana in Market Capitalization

BNB prices exceeded $804 on the Binance exchange, marking a record high in the asset’s seven-year history.

The rally may have been driven by two factors: an influx of institutional capital into ETF products and the adoption of cryptocurrency regulation bills by the US House of Representatives.

BNB surpassed Solana in market capitalization, securing the fifth position in CoinGecko’s ranking.

Amid the rise, Binance founder Changpeng Zhao hinted at the imminent start of a “FOMO season.”

CoinMarketCap has an Alt Season Index feature. Not sure how accurate it is, but it is ticking up.

FOMO season soon…https://t.co/pWyzuhuexv

— CZ 🔶 BNB (@cz_binance) July 23, 2025

According to his observations, the Altcoin Season Index from CoinMarketCap “is going up.” However, Zhao noted that he is unsure of the index’s accuracy.

At the time of writing, the Altcoin Season Index stands at 52. For comparison, on July 22, the indicator was at 48.

After reaching its peak, BNB’s price corrected — at the time of writing, the coin is trading at $792 (+4% for the day), according to CoinGecko.

Developers of BNB Chain plan to “create a next-generation blockchain” and increase the network’s performance tenfold.