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Altcoin update: BNB overtakes SOL, SUI hits record high, OpenSea set to launch SEA token

by Newton Gitonga February 13, 2025 16 min read

(Originally posted on : Invezz )

Altcoins thrived on Thursday as digital assets displayed resilience following the latest hotter US CPI report.

Meanwhile, Binance Coin, SUI, and OpenSea stole the show for various reasons. Let us find out more.

BNB outshines Solana in market capitalization

Binance Coin recorded significant price surges over the past day.

The alt trades at $707, with its $100.68 billion market cap eclipsing Solana’s $94.15 billion.

BNB’s price gains come as BNB Chain sees increased attention from meme crypto enthusiasts.

Investors have flocked into Binance as former CEO CZ hinted at a potential meme token launch.

Changpeng Zhao’s latest discussion on X about his dog pet ignited speculations of an upcoming meme token.

CZ 🔶 BNB

@cz_binance

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Replying to @cz_binance

Got the answers now. Pretty interesting how things work. Will mull it over for a day or so, as usual for big decisions😂. Respect his privacy, or dox the dog for the cause? Oh well, might even interact with a couple of the memes on BNB Chain. 🤣

9:40 PM · Feb 12, 2025

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The crypto community discussed the new CZ-linked memecoin and its potential.

Meanwhile, Binance confirmed plans to prioritize themed tokens trading after launching a dedicated meme Launchpad.

Furthermore, the current Four.meme hype contributed to BNB’s enhanced performance.

Dune data indicates that users have utilized the platform to create more than 12K coins within 24 hours.

The upcoming upgrades, including AI integration and enhancing transaction speed, position BNB Chain for impressive growth in the coming sessions.

Sui social sentiments at highs not seen since September

While the recent economic data magnified inflation fears, SUI thrived with positivity.

The altcoin sees amplified user interest, with social sites like Telegram, X, and Reddit witnessing bullish chatter.

Analytic platform Santiment highlighted SUI’s positive commentary eclipsed negativity in the 5:1 ratio.

That represents the highest optimism since September 2024.

Staking rewards and strategic collaborations have amplified SUI’s momentum. Santiment added:

Sui’s popularity in 2025 is also fueled by new partnerships and staking rewards, keeping users engaged. Social media bullishness on X, Reddit, Telegram, and other platforms, for the time being, is showing the biggest bullish bias since mid-September.

SUI trades at $3.45 with a nearly 10% gain on its daily chart.

The robust 24-hour trading volume highlights improved trader sentiment, hinting at extended upswings.

Bulls will likely target $4 to open the gates towards mid-January price levels above $5.

OpenSea teases native coin launch

The OpenSea team unveiled an upcoming SEA token launch days after the CEO distanced himself from airdrop claims.

reward loyal users of its NFT ecosystem and the Seaport protocol.

OpenSea Foundation

@openseafdn

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$SEA is coming.
Here are a few things to know:
• Historical OpenSea usage, not just recent activity, will be an important ingredient
• Claim process will be simple and accessible. US users welcome
• We’re focused on long-term sustainability and supporting a healthy, enduring…

Watch on Twitter

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5:11 PM · Feb 13, 2025

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Enthusiasts wait for further details about the new token’s timing, operational framework, and distribution.

However, the Foundation confirmed that claiming the airdrop will not necessitate complicated policies, welcoming even US participants.

The SEA token announcement coincided with OpenSea’s revamped OS2 platform.

The upgraded ecosystem will allow individuals to interact and trade non-fungible tokens.

Meanwhile, OpenSea has explored the possibilities of launching a native token over the past month.

Enthusiasts will watch how the SEA token will transform OpenSea’s ecosystem.

Previously, the project rewarded users with native assets from competitive NFT platforms, including Magic Eden and Blur.