Crypto has dipped overnight, with Bitcoin losing $122K and looking to be on its way to $118K, spooking the rest of the market. The outlier is the BNB price, which rose +0.5% overnight and has held steady above $1,300 as Ethereum fell -3%. Is BNB preparing to flip ETH?
Ethereum has been struggling in recent years, gaining just +80% in the past twelve months, while BNB has surged around +145% in the same timeframe and has achieved six new all-time highs this year alone.
BNB’s incredible price action has seen it flip both XRP and USDT in market cap over the past few days, cementing it as the number three digital asset, with ETH firmly in its crosshairs.
I just realized BNB flipped Tether and XRP to the number 3 spot
It’s gonna flip ETH soon innit https://t.co/Mj52uWunlZ pic.twitter.com/JOvLTZiODy
— Carnation (Krime Kandle Ark) (@0xcarnation) October 8, 2025
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Is Another Flippening Imminent: BNB Price Looks Set to Capitalize on Ethereum’s Weak Price Action
For years, the ‘flippening’ was a topic discussed in relation to ETH
Ethereum
0.21%
Ethereum
ETH
Price
$1,660.25
0.21% /24h
Volume in 24h
$7.34B
Price 7d
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, surpassing BTC, and every day, it seems to be less and less of a reality. What is becoming more realistic, though, is BNB flipping Ethereum.
With the crypto market experiencing a sizable dip this morning (October 9), ETH has dropped 3% and is now trading for around $4,350. It had been on a brief rally over the past few months, as it made a new all-time high on August 24, hitting $4,950, but was unable to surpass $5,000.
BNB, on the other hand, has reached six new all-time highs in 2025 and is trading steadily above $1,300 after a twelve-month run that culminated in it surpassing both XRP and USDT in market cap earlier this week.
The price action of both digital assets is at opposite ends of the spectrum, as ETH continues to show weakness. At the same time, BNB solidifies itself as the strongest-performing major-cap asset currently.
Ethereum has a market cap of $534Bn while BNB sits at $182Bn, meaning the BNB price needs to increase by around 200% to flip ETH. If this were to happen, BNB would be trading for around $3,900.
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BNB Smart Chain Killing Ethereum in On-Chain Metrics: Another Flippening Signal?
The ongoing BNB meme szn has taken a hit this morning, with many tokens across the ecosystem down badly today. However, many are tokens that have increased in value by 100x or more over the past week, putting into perspective the current on-chain market conditions across the BNB Smart Chain (BSC).
Liquidity remains firmly on BSC, with Solana taking a backseat and Ethereum currently having zero presence in the on-chain space. DefiLlama data shows BSC having over $31Bn in 30-day DEX volume while Ethereum has just $28Bn.
(SOURCE: DefiLlama)
BSC is also dominating Ethereum in daily chain fees, with $7.8M compared to Ethereum’s $760,000. All of these metrics highlight the dominance of the Binance-backed blockchain and are just another signal that a flippening could be imminent.
Aster also continues to dominate the Perp DEX space, with billions in daily volume, leading many to view Aster as the on-chain counterpart of Binance, making these BNB-linked platforms the number one CEX and DEX on the market.
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Bitcoin Hyper (HYPER) has quickly become one of the most significant and sought-after crypto presales of 2025, as evidenced by its nearly $23M raise. HYPER is introducing a native Layer-2 solution to Bitcoin’s core layer, which will unlock it for a wide range of applications, including DeFi, NFTs, GameFi, and more.
With the aforementioned Aster and the Perp DEX market on the rise as a whole, rumors are swirling that Bitcoin Hyper could launch the first Perp DEX for Bitcoin’s mainnet.
If this proves to be true, HYPER could quickly find itself competing with the likes of Aster and Hyperliquid, both of which are multi-billion-dollar projects, meaning that Bitcoin Hyper could be the next 100x crypto play.
The HYPER team recently announced its plan to fully integrate the SVM as its execution layer, alongside the use of rollup technology. This integration will enable fast transactions, low fees, and real-time execution, all while maintaining the reliability of Bitcoin’s core base layer.
For the latest updates on all things HYPER, join the community on Telegram and X, and to learn more, visit the Bitcoin Hyper website.
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