Binance’s $1.69 B Burn Propels BNB Ahead of XRP in Market Rankings

After a large-scale burn event worth $1.69 billion, Binance’s native token BNB jumped more than 3%, reclaiming its spot above XRP in market capitalization at $161 billion. The exchange emphasized that the quarterly auto-burn reinforces scarcity and community trust even as global scrutiny of centralized exchanges intensifies. DeFi activity on BNB Chain surged 22% within two days, and developer commits hit a quarterly high. Analysts view the program as a long-term signal of Binance’s intent to sustain valuation discipline while strengthening its multichain ecosystem and liquidity presence.