Recently, several projects on the BSC chain have emerged:
1️⃣ Mubark: After landing on Binance Alpha, it surged 200% in 48 hours, with a market cap exceeding $270 million, and CZ's support is seen as key.
2️⃣ Palu: Dubbed the 'king of memes' by Binance, He Yi's support has sparked community enthusiasm.
3️⃣ Tut: An AI project that rose over 3600% in a week, greatly propelled by CZ's tweets.
4️⃣ BNB Card: A creative project based on Binance card images, with support from He Yi on X driving the rise.
5️⃣ Quq and TAT: These projects are also gaining traction.
The common characteristic of these projects is that they have gained support from Binance executives or exposure through the Fourmeme platform, almost all experiencing significant surges.
The meme craze on the BSC chain reveals an insider-driven market ecosystem, with insider support becoming key to project rises. The launch of Alpha 2.0 marks a new era for on-chain projects, with its influence potentially comparable to that of spot listings. For the market, high profits and risks coexist, making risk mitigation a key issue. For Binance, decentralization remains a challenge.
