BlockBeats News, December 5th, according to GMGN monitoring, influenced by the recent widespread appearance of the Bibi mascot plushie at the Binance Global Event venue, the market value of the meme coin bIbI of the same name has significantly surged since December 3rd. The token, starting from a market cap of about $1.7 million, once soared to a peak of $13.8 million, interpreted by the market as a potential new “mascot” for Binance. Currently, its market value has retraced from the high point, stabilizing at around $8 million, with a unit price of about $0.008.
Meanwhile, Binance’s new CEO, He Yi, made a public statement regarding another meme coin, PALU, which also attracted market attention. He Yi stated that “PALU is led by employees, and I do not oppose internal experimentation.” Influenced by this, the market value of PALU has been steadily rising from about $6 million, reaching a peak of $9.7 million. Currently, its market value has similarly experienced a pullback, now at around $7 million, with a unit price of approximately $0.007. PALU originated from a community Mid-Autumn Festival character design competition, combining the reunion symbolism of the Mid-Autumn Festival with the creature image from the popular game “Palworld.” The token was launched on October 4, 2025, and after debuting on Binance Alpha with a market cap of less than $3 million, it once reached a peak market cap of $130 million.
