BNB Chain's Memecoin Boom: Traders Make Millions in Days
The BNB Chain has witnessed a remarkable surge in meme activity, with the number of active contracts quadrupling in just a few days. This sudden boom has seen traders reaping substantial rewards, with some earning millions within days.
The frenzy began when former Binance CEO Changpeng 'CZ' Zhao tweeted '#BNB meme szn!', inadvertently sparking a wave of interest in BNB-based memecoins. Tokens like $PALU, $PUP, and 币安人生 (Binance Life) surged, with multiple coins distributing massive profits to holders.
Data from Bubblemaps revealed the extent of the windfall, with one trader making over $10 million, 40 traders earning more than $1 million, and a staggering 900 traders crossing the $100K mark. Even lesser-known tokens, such as '4', climbed an astonishing 470% in a single week, reaching a market cap of around $245 million.
The BNB Chain's 24-hour network revenue has surpassed that of Ethereum and Solana, marking a rare milestone. Over 100,000 on-chain traders have joined the meme coin wave, with about 70% in profit. Industry observers are calling this the start of 'Meme Chain Wars 2.0', where communities compete not just on technology but on viral momentum.
The BNB meme boom, ignited by CZ's tweet, has led to a surge in active contracts, massive profits for traders, and a new era of competition among meme coin communities. As the BNB Chain's network revenue surpasses that of other prominent chains, the future of memecoins on this platform remains an exciting space to watch.
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