Early Investors Reap Profits From WLFI-Supported Meme Tokens Tied to Trump's USD1

The BUILDon meme project, particularly its USD1-paired meme coins on the BNB chain, has experienced a significant surge, dominating over 50% of total meme coin trading volume. This has resulted in substantial profits for initial investors. However, TK Research warns that the ensuing profit-taking could trigger price corrections, posing risks to current traders.

The USD1 stablecoin, backed by Trump-supported World Liberty Financial, has a market cap of $2.15 billion, making it the fifth-largest dollar-pegged token. Its recent growth was spurred by an announcement that it would be used to settle a $2 billion investment in Binance. Binance has also confirmed plans to list USD1, which will enhance liquidity and global visibility for the rapidly growing stablecoin.

The project aims to expand cross-chain compatibility by integrating Chainlink’s protocol for trading across multiple blockchains.