Memecoin Storm on the BNB Chain: Making Investors Rich

BNB Chain: A New Playground for Memecoins

BNB Chain has recently become a popular hub for memecoins. As new tokens continue to gain value, over 100,000 new investors have joined in on the excitement.

Tokens directly associated with Binance and its founder Changpeng Zhao are observed to be increasing speculation and market activity. The rise in BNB price creates a feedback loop that fuels trading volume and the network's visibility.

Success of Binance-Related Tokens

This week, many new tokens on the BNB Chain have achieved significant returns. Among the new “China”-themed tokens, 币安人生 (“Binance Life”), 客户小何 (“Customer Xiaohe”), and 空气币 (“Air Money”) rapidly increased in value, showing thousands of percentage gains within just a few hours. Daily volume reached tens of millions of dollars within 24 hours.

According to data, over 100,000 new on-chain investors joined the BNB memecoin wave in the last 48 hours, with around 70% reportedly turning a profit. A group of major investors gained wealth overnight, with currently 40 wallets showing more than 1 million dollars in profits. One even achieved gains exceeding 10 million dollars.

Relevant Developments on BNB Chain

The most significant factor highlighting this wave is the impact of brands directly tied to Binance and Changpeng Zhao. For instance, the 4ever token, based on Zhao's New Year's resolution for 2023 about "ignoring FUD" and drawing strength from the “4” meme, directly associates speculation with Binance's founder. Every moment Zhao shares on social media triggers value increases in BNB-linked memes.

In the last 24 hours, transaction volume among the top 10 memecoins on the BNB Chain exceeded 82 million dollars. However, beneath this enthusiasm lies a familiar fragility. Old BNB memecoins, such as BROCCOLI and MUBARAK, are still trading more than 90% below their peak values, serving as a reminder of how quickly the momentum can fade.

BNB Chain Increases Market Share

BNB Chain currently represents 11.4% of global memecoin activity, nearing Ethereum's 12% share. Long-time leader in the memecoin market, Solana, is slowing down, with daily transaction volumes falling far below BNB-based new initiatives for tokens like Trump (TRUMP), Doodles (DOOD), and Cards (CARDS).

It has been stated that BNB is emerging as a silent giant here. Since the beginning of the year, it has been the top-performing large market cap token, surpassing both Bitcoin and Ethereum. It has also overtaken XRP, rising to the 3rd position in market value ranking. Exceeding the $1,200 level coincides directly with the memecoin frenzy. This situation illustrates that rising BNB prices are financing memecoin speculation, which in turn leads to increased volume, fees, and visibility.