The hottest MEME on the Binance Chain (BNB Chain) these days is none other than $MUBARAK, which has become the new spokesperson for the 'roller coaster of the crypto world'!
According to the heated discussions on X and market data, this thing suddenly exploded last week, with an increase directly reaching 1000 times, and trading volume skyrocketing, causing retail investors to exclaim, 'I have nothing left but my underwear.' Why is it so fierce? First, CZ personally got involved, promoting it and was even reported to have bought in the secondary market, which effectively gave $MUBARAK an 'official certification' stamp. Second, the name is quite 'meme-worthy'; Mubarak means 'blessing' in Arabic, fully riding the humor buff of MEME. Someone on X joked, 'Is CZ blessing us all to become kings of the vegetables?'
In terms of popularity, posts about $MUBARAK on Binance Square and X have been flooding like screen ads these days, and KOLs are also jumping on the bandwagon, with the community buzzing like a market. Unfortunately, on-chain data (BscScan) shows that large holders are concentrated, with 25% of the tokens controlled by a few addresses, resembling the rhythm of a market maker. Today, the price is hovering around $0.015 (real-time data from Binance), with a 24-hour trading volume of about 5 million dollars; it is indeed hot, but the risk of a crash is also significant.
In comparison, other Binance Chain MEMEs, like $Binancedog, $CaptainBNB, etc., have been completely crushed by $MUBARAK these days, with a popularity that is miles apart. I see this wave of $MUBARAK either making another push or the market maker closing the net. Retail investors wanting to play must keep an eye on the support level at $0.01 and not be the last one to pick up the pieces.