Mubarak comes from the Arabic word 'مبارك', meaning 'blessed'. Its status in Middle Eastern culture is similar to 'Gong Xi Fa Cai' in China. It is now the most promising meme token on the BSC chain to reach a 1B market cap, and is recognized as a top-tier token.
The following is a detailed record of the development of the Mubarak (MUBARAK) token on the Binance Smart Chain (BSC). This report aims to provide readers with comprehensive background information suitable for those interested in the cryptocurrency market.
On March 12, the UAE sovereign fund MGX announced a 2 billion USD investment in Binance, signaling that Binance has entered a new stage of development.
On March 13, Binance's Twitter account posted a meme of the 'editor' wearing an Arab robe.
On March 13, CZ retweeted with the caption 'Mubarak' (Arabic for 'blessing'), instantly igniting the 'minting movement' on the BSC chain, where the token 'Mubarak' with CA 0x5c85d6c6825ab4032337f11ee92a72df936b46f6 successfully broke through.
On March 14, CZ personally retweeted a tweet from a '6f6' community member with a meme, equivalent to giving this token a 'leader certification'.
On March 15, CZ posted a meme on Binance Square with his avatar edited to the Mubarak image, captioned 'Going to meet a friend this weekend.'
On March 15, 'Mubarak' exploded on Twitter, and Binance Alpha launched 'Mubarak'.
On March 16, CZ publicly bought 1 BNB of Mubarak, and Twitter was abuzz again.
On March 17, the market cap broke 130 million, with a 24-hour trading volume of 80 million.
On March 17, the Biance contract trading went live.
On March 18, it ignited the meme trend on the BSC chain, with DEX trading volume on the BSC chain jumping to first place.
On March 19, CZ changed his avatar to the Mabarak white scarf image.
On March 20, Binance opened voting for listing new coins.
On March 20, the total number of Mubarak community members broke ten thousand.
On March 21, CZ and He Yi frequently mentioned Mubarak in their posts and interacted with the community.
On March 22, the market maker Wintermute built a position in Mubarak.
From the K-line chart, after Wintermute's intervention, Mubarak's price showed a strong upward trend in the short term, with strong support at 0.10-0.11. The 7.4% increase within 24 hours may be related to the market's positive reaction to Wintermute's intervention. The high trading volume (89.4 million USD) also indicates good market liquidity and high investor participation.
Mubarak is currently still in the voting stage, with an estimated 5x space above. If you are interested in Mubarak, please click the link below to vote.
Vote now: https://www.binance.com/en/square/post/21761942594842
