šØ BNB just challenged a 240 year old financial institution. šš„
BNB reportedly reached around $104.95B in market cap, slightly above BNY Mellon at about $104.41B.
That created a fascinating moment:
šŖ BNB: ~$104.95B
š¦ BNY Mellon: ~$104.41B
But these numbers represent very different things.
BNB's market cap comes from its token price and circulating supply, while BNY Mellon's valuation reflects the market value of its publicly traded company.
So this isn't really about one replacing the other.
It's about how large digital assets have become compared with some of the world's longest established financial institutions. š
š Was this just a temporary market cap crossover, or a sign of how much crypto has grown?
$BNB
BNB
801.99
+2.41%