Interest in the virtual asset market is shifting from U.S.-based coins centered on SOL to China's Binance Coin (BNB).

This is because the U.S. coin was expected to benefit greatly from the election of U.S. President Donald Trump, but there was no news yet that met the market's expectations.

Interest in the virtual asset market is shifting from U.S.-based coins centered on SOL to China's Binance Coin (BNB).

This is because the U.S. coin was expected to benefit greatly from the election of U.S. President Donald Trump, but there was no yet news that met the market's expectations.

Rather, the price of the BNB coin ecosystem has risen significantly, centering on the founder of Zhao Changfeng Binance, who has resumed his activities, drawing keen attention from the market.

According to CoinMarketCap on the 23rd, as of 11 a.m., BNB Coin's market capitalization was $88.9 billion, surpassing Solana's market capitalization of $65.9 billion, ranking fifth among all coins. Solana is sixth.

The two coins have been in a flurry of recent rankings. BNB Coin has fallen behind Solana in its market capitalization ranking from November last year to January this year when President Trump was elected. However, he has surpassed Solana again since mid-February, Trump's first month in office.

BNB and Solana have similar market capitalizations, but they are also coins that each have a huge ecosystem.

In the case of Bitcoin, if it is as attractive as a single asset as gold, Ethereum, BNB, and Solana each have apps posted on the ecosystem as a measure of competitiveness. In particular, BNB and Solana are considered to be leading chains in the virtual asset market recently.

The biggest difference between the two is that the countries represented are different. BNB Coin is issued by Binance, a Chinese virtual asset exchange. Solana, on the other hand, is a representative American coin. It is a coin that FTX, a U.S.-based virtual asset exchange that went bankrupt in 2022, pushed from the beginning.

In fact, it was Solana who received the most attention in the face of Trump's election. This is because the U.S. coin drew attention when Trump said he would make the U.S. the capital of virtual assets.

Naturally, U.S. coins have also fallen sharply as market expectations for Trump have decreased a lot recently. Dogecoin, which has plunged 53% in the past two months since Trump took office, has fallen the most in the top 10 coins by market capitalization.

Dogecoin has also risen significantly in connection with Tesla Inc TSLA CEO Elon Musk's government efficiency division (DOGE).

Right next is Solana, which is down 48%. During the same period, BNB was down 8%, better than Bitcoin, which was down 18%.

It is also characterized by BNB's recent lead in the meme coin trend led by Solana. Most meme coins that have been popular in the virtual asset market since last year have been issued based on Solana.

However, the trend of the Solana meme coin has ended as the Trump meme coin "Official Trump," which has been a problem due to controversy over the pursuit of private interests, has been issued based on Solana.

In the meantime, BNB has recently attracted attention by leading meme coins. The launch of Zhao founder's pet dog-based meme coin began. When the founder of Zhao tweeted 'Mubarak' in his tweet, Mubarak MemeCoin was issued and tripled in four days.

However, some analysts say that such a trend cannot last long.

Right now, Zhao said of the meme coin frenzy in the past, "Memicoins are getting weird. Let's build a practical chain," he criticized.

Also, as the Trump administration continues to speed up its virtual asset policy, there is a possibility that Solana will be in the spotlight again.