Binance Coin (BNB) has had an impressive price increase, reaching an all-time high of $793, up over 22% in just the last 24 hours. 🚀 This has pushed BNB past Solana (SOL) to become the fifth largest cryptocurrency with a market capitalization of around $113 billion.

BNB's trading volume has also surged to $6.28 billion, a 153% increase in 24 hours. Data from CoinGlass shows that $5.4 million in short positions have been liquidated, along with a 301% increase in derivatives trading activity.

Despite a slight correction, experts remain optimistic about BNB's prospects, predicting a potential rise to $1,630. 🌟