BNB breaks $700 to set a new high! Market value surpasses Starbucks and approaches electronics giant Sony!

As Bitcoin once again stands at $71,000, the most eye-catching performance among the top ten currencies by market value is BNB, the platform currency of Binance, the world's largest exchange. According to Binance spot market data, BNB has been rising since $626 at 6 o'clock last night, and officially broke through the high of $691 in the last bull market at about 8:45, becoming the second mainstream currency to set a new high after Bitcoin.

Before the deadline, it reached a high of $716 and is now at $707.3, up 12.06% in the past 24 hours.

As BNB hit a new high, its market value also officially broke through $100 billion, reaching $104 billion, firmly sitting on the throne of the fourth largest cryptocurrency by market value, leaving SOL's market value of $79.3 billion and approaching USDT's market value of $112 billion.

BNB's spot market share is nearly 45%

On the other hand, Binance's market influence still dominates. According to data from The Block, its spot trading market share reached 44.17% in May, far ahead of Bybit and OKX’s 9.64% and 6.95% respectively.