"Meme Coin '$MUBARAK ' Soars 90%, Then Dips 30% in Volatile Trading Day"In a dramatic trading session on May 10, the BSC-based meme coin Mubarak experienced a rollercoaster of price action. According to data from HTX and reported by BlockBeats, the token surged nearly 90% within the day, reaching a peak market capitalization of $72 million.
However, the rally was short-lived as the coin underwent a sharp correction, shedding 30% from its peak. Despite the drop, $MUBARAK market cap currently stands at $55.13 million, representing a 64% gain over the past 24 hours.
This kind of rapid fluctuation is not uncommon in the meme coin space, especially within the Binance Smart Chain (BSC) ecosystem, which has been known for fast-moving and speculative tokens. Traders are advised to approach such assets with caution due to their high volatility.
