Daniel Walker
The Binance-based Mubarak meme coin has witnessed an explosive rally, surging more than 70% in the past 24 hours. Currently trading at $0.1905, this new meme coin has already reached a $200 million market cap within just two days of launch.
Meanwhile, an early investor in Mubarak Coin has managed to turn a small $232 investment into an astonishing $1.1 million, marking an impressive 4,860x return.
According to LookonChain, a blockchain analytics firm, a strategic trader has made a life-changing profit from this newly launched BNB Chain-based token.
- The investor initially purchased 10.5 million $MUBARAK tokens for just 0.4 BNB ($232).
- After the price surge, they cashed out 576 BNB, worth around $363,500.
- The trader still holds 5.16 million tokens, valued at approximately $764,000, distributed across three different wallets.
Why Is Mubarak Meme Coin Exploding?
The Mubarak token’s rapid rise can be attributed to two key factors:
- Binance Founder’s Influence – The token gained immense traction after Binance founder Changpeng Zhao (CZ) reportedly invested in the project, sparking a wave of interest among traders.
- Binance Alpha Listing – The meme coin’s addition to Binance Alpha has driven an influx of trading volume, further boosting its price.
Notable crypto analyst Thanos has expressed strong confidence in Mubarak, calling it a “no-brainer” investment at its current price. According to him, the recent Binance Futures listing triggered a market correction, eliminating overleveraged long positions. With this price shakeout over, he expects Mubarak to continue its bullish momentum.
BNB Price Surge and Growing Network Activity
The launch of Mubarak on the BNB Chain has significantly increased network activity, pushing BNB’s price to a key breakout resistance of $630.
Additionally, the decentralized exchange (DEX) volumes on BNB Chain have reached new highs, even surpassing the trading activity of Solana.
Over the past few months, meme coin traders have been shifting from Solana to Binance, as BNB Chain sees a rise in active addresses and trading volumes. If this trend continues, both Mubarak and BNB could see further price appreciation in the coming weeks.
