$BTC

As of May 15, 2025, at 5:39 PM IST, the crypto market remains bearish, with the global market cap down 1.14% to $3.27 trillion. Amid this downturn, Binance Pizza ($PIZZA), a meme coin on the BNB Chain, is making waves. Launched earlier this month, $PIZZA has surged to a $1.3 million market cap within hours, according to recent posts on X, after peaking at $800K on May 9. The token’s rise aligns with anticipation for Bitcoin Pizza Day on May 22, commemorating the 2010 purchase of two pizzas for 10,000 BTC—now a legendary event in crypto history.

$PIZZA’s momentum is driven by community hype and Binance’s historical involvement in Pizza Day celebrations, including past global pizza distribution campaigns. On May 9, the token’s holder distribution was noted as healthy, with a market cap of $250K before its rapid climb. Trading volume spiked 60% in just three hours on May 14, per web data, as exchanges like Gate.io reportedly join the festivities. However, the broader market’s bearish sentiment—Bitcoin ($BTC) at $102,840, down 0.64%, and Ethereum ($ETH) at $2,596, down 3.1%—casts a shadow over the rally.

Analysts warn of volatility, as meme coins often face sharp corrections. $PIZZA’s fully diluted valuation isn’t public, but similar tokens have struggled with sustainability, with over 80% of recent Binance listings in the red, per CoinTelegraph. $PIZZA is a playful nod to crypto culture, while others caution against speculative pumps. With altcoins bleeding 3.2% and $BTC dominance at 63%, $PIZZA’s surge highlights meme coins’ resilience, but its long-term value remains uncertain as Bitcoin Pizza Day nears.