BlockBeats News, January 21st, according to GMGN monitoring, today’s newly listed Meme coin “memes” saw a significant increase after opening. The token has deployed a USD1 liquidity pool, making it eligible for the BNB Chain “USD1 Trading Contest.” Currently, its market capitalization has reached 23 million US dollars, with a current price of around $0.023, ranking top three in the contest’s market cap leaderboard and leading the 24-hour trading volume.
According to monitoring, the 10-day “USD1 Trading Contest” on the BNB Chain has entered its sixth day. Based on the latest rankings, the current top three market cap Meme coins are: EGL1, CDL, “memes,” all with a market cap exceeding 20 million US dollars. The previously surging new Meme coins BIG DON and “An” are currently ranked fourth and sixth by market cap.
It is reported that the top three in this trading competition will receive multiple incentive supports. The eligibility for participation does not restrict the token creation time and the required USD1 trading pairs mainly include: projects created using USD1 as the base token on Four meme, or other Four meme projects with active USD1 liquidity pools.
BlockBeats reminds users that Meme coin trading is highly volatile, heavily relies on market sentiment and hype, lacks practical value or use cases, and investors should be aware of the risks.
