A comprehensive timeline of the explosive $Mubarak incident, with some individuals making A7/A8 profits
Timeline of events (March 12-18, 2025):
1. Middle Eastern capital enters the market (March 12)
The UAE sovereign fund MGX announced a $2 billion investment in Binance, drawing attention to the influx of Middle Eastern funds into the cryptocurrency sector. This event set the stage for the subsequent hype around MUBARAK.
2. Meme image ignites the concept (March 13)
The Binance Chinese X account posted a meme featuring the image of a Middle Eastern “tycoon” with the caption “Mubarak” (meaning “blessing” in Arabic). CZ retweeted this post with the comment “Mubarak,” for the first time associating this term with the token.
3. Community quickly responds (March 13-14)
Multiple community teams (such as Four.meme) rapidly launched tokens named “MUBARAK,” with the version ending in “6f6” being identified as the “leading coin” by the market due to CZ’s secondary retweet (March 14), causing its market cap to soar from $400,000 to $13 million.
4. CZ continues to hype (March 14-15)
CZ posted on Binance Square, “Going to meet a friend this weekend,” and shared a meme of himself with the MUBARAK avatar, further boosting the token's popularity.
The Binance Alpha platform launched MUBARAK trading, and CZ personally spent 1 BNB to buy tokens, further driving up market FOMO sentiment.
5. Liquidity support and market climax (March 16)
MUBARAK received $4.4 million in permanent liquidity pool support from Binance, with its market cap briefly exceeding $47 million, a weekly increase of over 1,300 times, allowing some early participants to achieve A8/A9 level profits.
