One mubarak coin saved the entire BSC chain ecosystem
Based on the BSC chain, the meme coin mubarak has become a key force in promoting the activity of the BSC chain due to its cultural significance and market speculation. Since its launch on the Four.Meme platform on March 14, the market value of mubarak surpassed 5.2 million USD within 16 hours, soaring to 42.7 million USD the next day, with more than 100% increase in 6 hours and a trading volume reaching 47.1 million USD. Its explosion is closely related to a tweet from Binance founder CZ, attracting a large influx of speculative funds into the BSC ecosystem.
Although mubarak lacks practical use cases as a meme coin, its short-term popularity has significantly boosted the overall liquidity of the BSC chain. Previously, the BSC chain faced capital outflow due to the cooling down of SOL chain dog projects, directly surpassing the SOL chain. However, the rise of Mubarak reignited market attention, prompting funds to flow back and driving up the prices of established projects in the ecosystem such as CAKE and BEL. In addition, the low gas fees and efficient trading mechanisms of the BSC chain provide fertile ground for meme coin speculation, further solidifying its position as a 'meme coin breeding ground'.
