As the crypto market rebounds, the BNB ecosystem is experiencing a surge in transactions driven by growing interest in meme coins. At the center of the hype is Mubarak (MUBARAK), launched on March 13, which quickly gained traction after Binance co-founder Changpeng Zhao (CZ) referenced it in a post on X.
CZ’s Post Fuels Meme Coin Surge
The token’s popularity skyrocketed after CZ mentioned MUBARAK in the context of Binance’s $2 billion deal with MGX. Binance further amplified the excitement by reposting an image featuring the coin’s symbol. The project was launched on Four.Meme and included in the Binance Alpha program, giving it additional exposure.
Liquidity and Exchange Listings
As part of the BNB Chain Pool Support Program, Mubarak received $50,000 in liquidity support, bringing its total liquidity to $1 million. The token was also listed on several centralized exchanges (CEXs), including MEXC, Gate.io, BingX, and Bybit, attracting new traders. Currently, 17.4K users hold MUBARAK.
Explosive Price Growth
According to CoinGecko, MUBARAK surged 331% in the last 24 hours, reaching $0.138. Its fully diluted market capitalization hit $135 million, while 24-hour trading volume soared to $146.7 million.
One trader reportedly turned 2 BNB ($1.1K) into $1.5 million after purchasing 20.84 million MUBARAK four days ago. He later sold part of his holdings for 4.7 BNB (~$2.7K), while still holding 13 million MUBARAK worth $1.5 million.
While the token has shown a consistent uptrend, analysts warn that the formation of a rising wedge on the 4-hour chart could signal an imminent pullback, with $0.04 as a key support level.
BNB Chain Overtakes Solana
The surge in meme coin trading, led by MUBARAK, has pushed BNB Chain to the top blockchain by decentralized exchange (DEX) trading volume. According to Lookonchain, BNB Chain recorded $1.637 billion in trading volume in the past 24 hours, surpassing Solana.
While the current trend shows strong community engagement, traders should watch for potential corrections if liquidity inflows slow down.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.