Solana May Challenge Binance Coin’s Market Cap After 14% Rally, Still Needs About 20% Gain

• Solana needs ~20% market-cap growth to match BNB this cycle.

• SOL rose 14.65% this month vs. BNB’s 9%, lifting SOL toward a $100B market cap.

• On-chain signals: SOL/BNB ratio +4.5% in August; BSC daily active addresses +7% vs. Solana -3%.

Solana vs BNB: Can Solana flip BNB? Front-loaded analysis, market targets, and on-chain signals — read actionable insights now.

Can Solana flip BNB?

Solana needs about a 20% market-cap increase to match Binance Coin this cycle. SOL surged 14.65% this month and reclaimed near-$100B valuation, but BNB’s recent ATHs and stronger on-chain activity leave BNB ahead unless SOL sustains stronger inflows and breaks key resistance near $210–$234.

How close is SOL to matching BNB’s market cap?

Solana added nearly $10 billion in market value from a $172 base, briefly tagging a $115B peak before retreating. Binance Coin sits near a historic $120B market cap with a $900 per-coin ATH. At current prices, SOL would need approximately +20% market-cap growth — roughly a $234 per-SOL target from $195 — to equal BNB.

What on-chain signals show relative strength or weakness?

August’s SOL/BNB ratio closed up 4.5% from a 0.21 base, indicating short-term relative strength for SOL versus BNB. However, daily active addresses favor Binance Smart Chain (BSC): BSC activity is +7% month-over-month while Solana’s on-chain activity is down about 3%. These divergence metrics suggest liquidity and retail activity favor BNB for now.

Source: TradingView (SOL/BNB)

What technical levels matter for a potential flip?

Key levels: SOL resistance ~ $210; immediate flip target near $234 to equal BNB market cap. BNB’s recent ATH at $900 (22 August) establishes a higher valuation baseline. For a durable flip, SOL must: 1) break and hold above $210, 2) sustain on-chain user growth, and 3) attract additional liquidity away from BSC.

Is suppression of SOL by market actors likely?

Allegations that BNB-linked actors capped SOL surfaced after a ~5% pullback from SOL’s $213 high. Market data shows SOL/BNB ratio slipping 3% during that intraday move, but broader metrics (monthly outperformance on BSC, stronger address growth on BSC) point to structural strengths for BNB rather than active suppression as the primary cause.

Source: Artemis Terminal

Frequently Asked Questions

How much market-cap growth does Solana need to flip BNB?

Solana needs roughly a 20% increase in market cap to match Binance Coin this cycle, placing an approximate SOL price target near $234 from recent levels around $195.

What on-chain metrics favor BNB over SOL right now?

BSC shows stronger monthly active addresses (+7%) versus Solana (-3%). This user activity divergence, plus BNB’s recent ATHs, currently favors BNB as the stronger network for liquidity and engagement.

When could a SOL flip become more likely?

A flip becomes more plausible if SOL sustains higher on-chain activity, breaks and holds above $210, and continues multi-week outperformance versus BNB while total crypto market liquidity supports larger-cap rotations.

Key Takeaways

• SOL needs ~20% growth: SOL must gain roughly 20% market cap to equal BNB this cycle.
• Short-term momentum favors SOL: SOL is up 14.65% this month vs. BNB +9%, and SOL/BNB ratio rose 4.5% in August.
• On-chain and technical hurdles remain: BSC address growth (+7%) and BNB ATHs keep BNB structurally stronger heading into Q3/Q4.

Conclusion

Solana has regained momentum and narrowed the gap with Binance Coin, but a flip is not guaranteed. SOL must convert price gains into sustained on-chain growth and break key technical levels to overtake BNB. Monitor SOL/BNB ratio, active-address trends, and resistance at $210–$234 for signs a flip is forming. COINOTAG will continue to track developments and provide on-chain and technical updates.

Published: 2025-08-25 | Updated: 2025-08-25