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**Propelled by CZ’s Endorsement, BNB Chain’s Emerging Meme Token MUBARAK Skyrockets Beyond 100% in a Week**
A novel meme token dubbed Mubarak has ignited a mania on the Binance Smart Chain, bolstered by backing from CZ and a current inclusion on Binance Alpha.
Meme token commerce on the Binance Smart Chain (BNB) is undergoing a revival because of the addition of the new meme token Mubarak (MUBARAK). According to Coinmarketcap, MUBARAK is being exchanged at $0.16 as of press time, up approximately 106% over the prior week.
Yesterday, Root Data stated that MUBARAK briefly possessed the leading position in BNB chain meme token market capitalization, with a commerce volume surpassing $180 million. While it has subsequently surrendered the top spot, MUBARAK stays firmly in the top 5 BSC meme tokens by market capitalization, with a current market cap of $159 million.
The ascent of MUBARAK can likely be credited to two chief catalysts. First, MUBARAK lately attained a listing on Binance Alpha.
Second, CZ lately procured 20,150 MUBARAK, valued at $600 at the time, for 1 BNB. Today, CZ also altered his profile image on X to a photograph of himself wearing conventional Arabic attire.
However, CZ minimized his role in the token’s rise, stating:
“People give me excessive credit. I don’t have any enchantment for anything beneficial that occurs. It’s the builders who have been constructing for years. I only know a few Arabic terms, but I’m glad I may have ‘motivated’ millions to learn a few terms too.”
Whether CZ’s procurement directly propelled the surge or not, his investment in MUBARAK remains a significant development. It was only lately that CZ stated he did not invest in meme tokens when Test (TST) surged on BNB because of its appearance in a tutorial video.
As a matter of fact, it gives the impression that MUBARAK was most probably CZ’s initial venture into the sphere of meme token investments. Therefore, it’s not surprising that the token rose dramatically after Zhao Changpeng invested. Boeings Shares Ascend Due to Monetary Executive\’s Duty Discourse, Capital Expenditure Information, and Japan Airlines Procurement
This increase in trading volume, driven by MUBARAK and other new tokens, is certainly a victory for the BNB Chain. Harrison Seletsky expressed this opinion during the TST pump in February, mentioning that increased meme token activity is beneficial for the BNB Chain environment. It attracts additional users, enhances liquidity, and further excites the existing community.”
