In the past two months, BSC has experienced one Meme wave after another, from initial exploration to a network-wide carnival, and then to strategic adjustments in liquidity management. How have CZ and Sister Yi progressively pushed BSC's Meme ecosystem? Is it benchmarking Solana? Or is it brewing a new model through experimentation?
All of this began with a tweet on February 5...
🪙 Testing coin speculation ($TST)
On February 5, BNB Chain released a promotional video for Four.meme, mentioning a test token. Usually, the hype around test coins cools down quickly, but this time it was different.
On February 6, CZ rarely tweeted with 'Happy Trading'. The market instantly boiled, speculators flooded in, and the price of $TST soared, with a market cap surpassing $50 million that day.
Three days later, $TST was listed on Binance, with a market cap once breaking through $600 million, driving BSC DEX trading volume to triple. After the market FOMO, liquidity quickly dried up, and BSC did not show a clear sustained growth of the Meme ecosystem.
🐶 CZ's Dog (Broccoli)
On February 13, CZ continued to explore Meme and tweeted curiosity about the mechanics of Meme coins, asking 'Do we just need to announce a pet's name and photo to create related tokens?'
The market reacted quickly, starting to place crazy bets on CZ's dog's name. Various Broccoli-related tokens surged, with some coins' market caps rapidly exceeding $100 million.
On February 14, CZ finally revealed his pet dog Broccoli, stating that 'BNB Chain may provide LP support for Meme tokens'. The market went completely mad, and the Meme trading volume on BNB Chain exploded.
But soon, problems surfaced:
⛓️ CZ did not release the official contract address, resulting in RugPulls and a proliferation of retail investors being taken advantage of.
⛓️ The wallet launched the CZ Dogs section, with those not on the list complaining about insider information, and those on the list fighting for order. The community engaged in back-and-forth, leaving retail investors confused.
⛓️ BSC's high concurrency transactions got stuck, leading to doubts about life, exposing significant experience issues.
🔄 Recent 'Mubarak' and liquidity strategies.
BSC spent money against the market, injecting $4.4 million in liquidity support to make the Meme ecosystem more sustainable.
On March 10, BNB Chain conducted a hard fork test, introducing gas abstraction, smart contract wallets, bundled transactions, and fixing the MEV (Miner Extractable Value) issue.
At the same time, MGX rallied 2 billion to support Binance. On March 14, CZ initiated the 'Mubarak' topic through a tweet, combining Binance's marketing strategy to promote the 'Middle East Meme concept', successfully igniting a new wave of excitement.
📈 BSC's trading volume once reached twice that of Solana, with BNB rising against the market.
📈 Market rhythm control has matured, avoiding a 'chaotic situation'. $mubarak $palu $mubarakah $mansa $bnb _card
📈 Unofficial Meme infrastructure began to be spontaneously built, such as FairMint and Flap.
Despite this, the Meme in the BSC ecosystem temporarily still relies on the 'personal endorsement dissemination' of CZ and Sister Yi, with an overall lack of naturally growing community consensus.
But it can be seen that BSC, as an important stronghold of Binance, has obviously received the greatest support, continuously launching a series of significant initiatives such as 'liquidity incentives', the MVB (Most Valuable Builder) program, the listing of Alpha on CEX, and the first round of voting for new listings.
According to the AI direction mentioned by CZ in BNB Chain's planning, DeSci, DePIN, RWA, etc. Perhaps besides Meme, BSC is also brewing and forming a new model through continuous experimentation. DDDD💪🏻