{"id":52330,"date":"2025-03-17T09:17:39","date_gmt":"2025-03-17T09:17:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=52330"},"modified":"2025-03-17T09:17:39","modified_gmt":"2025-03-17T09:17:39","slug":"this-viral-meme-coin-soars-almost-300-after-cz-jumps-onboard-full-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=52330","title":{"rendered":"This Viral Meme Coin Soars Almost 300% After CZ Jumps Onboard: Full Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The meme coin soared by triple digits, potentially fueled by CZ\u2019s unexpected involvement.<\/p>\n

A savvy investor turned a huge profit (at least on paper) after entering the ecosystem in its early days.<\/p>\n

<\/a><\/span><\/h2>\n

The Impressive Spike<\/h2>\n

Mubarak (MUBARAK) \u2013 a meme coin recently launched on the BNB Chain \u2013 has defied the ongoing market trend by registering a nearly 300% price increase <\/span>on a daily scale<\/span>. <\/span>It <\/span>currently<\/span> trades at approximately $0.13, whereas its market capitalization <\/span>stands at<\/span> almost $120 million.<\/span><\/p>\n

<\/a>MUBARAK Price, Source: CoinGecko<\/p>\n

The <\/span>asset\u2019s<\/span> surge could <\/span>be partially attributed<\/span> to Binance\u2019s founder, Changpeng Zhao (CZ), who supposedly entered the ecosystem. According to Lookonchain, he <\/span>spent<\/span><\/a> 1 BNB (around $600) to buy MUBARAK and the same amount to purchase TST (another meme coin created by the BNB Chain team).\u00a0<\/span><\/p>\n

CZ\u2019s engagement with tokens of that type comes as a surprise, considering one of his statements from February. Back then, Binance listed TST, and the founder assured that he had nothing to do with the decision. He also <\/span>claimed<\/span><\/a> he has never bought a \u201csingle meme coin so far.\u201d<\/span><\/p>\n

Zhao is one of the most influential figures in the crypto space, and his interaction with the <\/span>aforementioned assets<\/span> could create significant hype and even a FOMO effect among other community members. However, inexperienced traders should be aware that such pumps are often short-lived and might <\/span>be followed<\/span> by a substantial correction.<\/span><\/p>\n

Another factor <\/span>possibly<\/span> fueling the rally for MUBARAK is <\/span>the support<\/span><\/a> from Binance Alpha.<\/span> The initiative <\/span>is designed<\/span> to support <\/span>the launch and development of<\/span> innovative projects, including meme coins.<\/span> It provides liquidity, visibility, and eventual exchange listings.\u00a0<\/span><\/p>\n

What a Trade<\/span>\u2026<\/span><\/h2>\n

Despite the risks of crucial losses, meme coins (especially those in their early days) have the potential to generate impressive profits for savvy investors.<\/span><\/p>\n

Lookonchain <\/span>revealed<\/span><\/a> the case of one such trader who spent less than $5,000 to purchase 12.35 million MUBARAK tokens a few days ago. Shortly after, they sold 2.35 million coins for 125 BNB (roughly $74,000) and kept 10 million MUBARAK.<\/span><\/p>\n

After the latest price pump, the current valuation of the stash has jumped to approximately $1.3 million.\u00a0<\/span><\/p>\n

The post This Viral Meme Coin Soars Almost 300% After CZ Jumps Onboard: Full Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The meme coin soared by triple digits, potentially fueled by CZ\u2019s unexpected involvement. A savvy investor turned a huge profit (at least on paper) after entering the ecosystem in its early days. The Impressive Spike Mubarak (MUBARAK) \u2013 a meme coin recently launched on the BNB Chain \u2013 has defied the ongoing market trend […]<\/p>\n","protected":false},"author":0,"featured_media":52331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52330"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52330"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/52331"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}