#BNBChainMeme Trend BNB Chain This wave of meme is really strong, yesterday there was another surge of inexplicable tokens, making everyone ask: who is driving this market? 1⣠CZ's words, the direction of the crypto world
If you still think that the meme on BNB Chain is "spontaneous market speculation," then you might not understand CZ's influence on the market. Let's look at the recent situation:
TST transformed from a test coin in a tutorial video to a trading pair with a market value of 500 million USD.
The word "Broccoli" spoken by CZ led to dozens of Broccoli tokens emerging on BNB Chain within just a few hours, with the largest one surging over 100%.
A casual tweet can instantly increase PancakeSwap's trading volume by 50%.
You say CZ is just "talking casually," but the market treats him as a barometer. FOMO is the craziest fuel in the crypto world, especially when the market lacks clear direction; people would rather follow CZ blindly than miss out on the potential "next PEPE" or "next DOGE."
2⣠Low cost + fast pace, the BNB Chain ecosystem is very suitable for memes
The BNB Chain is essentially very suitable for meme coins to take off:
Low gas fees: Unlike ETH, which is expensive, retail investors can easily try their hand.
Complete market-making tools: Platforms like Four.meme that allow one-click coin issuance lower the entry threshold for meme coins.
Optimized trading experience: Supports multi-token payment of gas fees and even allows project parties to cover the gas fees for users, reducing the operational costs for newcomers.
This means: If you want to speculate on a meme coin, BNB Chain is currently the most convenient and cost-effective choice. So the influx of funds here is not a coincidence.
3⣠How long can the surge last?
The core logic of meme coins has never been "technological innovation," but market sentiment. As long as funds are willing to come in and FOMO persists, the meme ecosystem on BNB Chain is likely to continue to thrive for a while.
BSC Ecosystem Tokens Experience General Price Increase, BNX Surges Over 12% in a Single Day
according to market data, BSC ecosystem tokens saw a general increase, including: BNX surged by 12.08% in the last 24 hours, now priced at $1.1464; $THE surged by 10.71% in the last 24 hours, now priced at $0.3909; $CAKE surged by 9.57% in the last 24 hours, now priced at $1.866; $BAKE surged by 9.46% in the last 24 hours, now priced at $0.144.
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A U.S. court has officially approved Three Arrows Capital's (3AC) bid to increase its claim against FTX to $1.53bn.
According to the filing, 3AC held $1.53bn in FTX assets as of June 12, 2022. However, over the next two days, these assets were liquidated to cover a $1.3bn debt owed to FTX.#FTX #USDC $USDC
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š Thereās a noticeable divergence between the BTC price chart and the networkās hash rate.
Miners are staying confident despite the price risks from market corrections. šŖ
This could act as a leading indicator for Bitcoinās price, with significant resources being invested into coin production, suggesting BTC might be undervalued. š
Miner optimism is high, and this could signal a potential price surge once the market stabilizes! š