Solana (SOL) briefly overtook Binance Coin (BNB) in market capitalization on July 22, 2025, reaching approximately $107.43 billion compared to BNB's $106.2 billion, securing the fifth spot among cryptocurrencies. However, BNB quickly regained its lead, hitting a series of new all-time highs starting July 23, 2025, with prices rising from $788 to $850.70 by July 28. This surge in BNB's price elevated Binance CEO Changpeng Zhao's (CZ) net worth to around $75 billion, as he owns roughly 64% of the circulating BNB supply. Additionally, BNB's market cap surpassed that of Nike during this period. Despite the competition, Solana has established a $100 billion market cap as a critical support level and aims for higher targets of $500 billion and $1 trillion market cap in the future.