The image below was just taken from the exchange's details page. Mubarak's price curve shows a trend towards zero. $MUBARAK
I still remember, just last month, Mubarak, as a new star on the Bsc chain, took off with the wind from big brother @cz_binance's trip to the Middle East, soaring up. After the second interaction with big brother and the expectations for listing on Binance, meme players were completely ecstatic, and the market value skyrocketed. #mubarak even became the hope for retail players for the future of the Bsc chain.
Of course, at the early stage of reaching the top, #mubarak indeed lived up to expectations and welcomed a brief surge. Everyone predicted that as a future star of Bsc, with major traffic backing, its market value could not fall, and a price of 1u each was normal.
On March 18, 2025, Mubarak reached the historical highest price of 0.21 as expected, and then... it was a long decline until today at 0.02, a tenfold drop!
In this game, only early players in the chain and those who firmly opened short positions after reaching the top will reap the rewards!
In fact, this is not the first disappointment after the meme peaked. Not to mention the distant past, just last year's AI agent wave, from #ai16z, #swarms, #virtuals, #cookie… there were at least twenty named, and as hot as they were at the beginning, they are now just as cold. I remember a friend in the group was extremely optimistic about a certain agent coin, buying more every time it fell, but now the return to break even seems far away.
So, is the meme at the top the end?
I don't think so, it’s just that the current meme market has issues:
1️⃣ This is due to the deep-rooted consensus that the peak is at the top in this cycle. For the big players, in order to ensure capital safety, they would rather earn a little less and throw away most of their chips after reaching the top, rather than continue to build with retail investors!
2️⃣ The vast majority of memes currently remain at the level of attention economy and do not possess characteristics of practical applications like public chain coins or platform coins. They rely purely on attention flow for support.
It should be noted that we are no longer in the dogecoin era of 2021, where the scarcity of memes was prevalent. Attention has been infinitely diluted, and those who can hold until reaching the top are already at a significant advantage! With new narrative hotspots emerging, players' attention is constantly scattered, and decline is also foreseeable.
3️⃣ Due to the consensus that the peak is at the top, there will be many short positions. The existence of a large amount of sell orders is itself a burden for further construction!
So what should retail investors do? My opinion is:
An hour before reaching the top, sell fifty percent of the chips to lock in some profits!
Secondly, open some short positions after reaching the top and lock in some profits.
The last part is about pattern construction!