BlockBeats News, January 20th, according to GMGN monitoring, BNB Chain’s 10-day “USD1 Trading Competition” has now entered its fifth day. As the community generally believes that winning projects are likely to have the opportunity to be listed on top exchanges, this event has quickly spawned multiple new Meme coins with USD1 liquidity pools (such as “安” and “BIG DON”), leading to a surge in market value, while also injecting a new round of market expectations into some old projects (such as EGL1, CDL). The recent popular Meme coin “1” may also have seen its market value rise due to the presence of a USD1 liquidity pool.
The token information of the current top three market caps is as follows:
EGL1: The market value is currently reported at $29.7 million, with a current price of approximately $0.0297;
BIG DON: The market value is currently reported at $29.5 million, with a current price of approximately $0.0295;
安: The market value is currently reported at $27 million, with a current price of approximately $0.027.
It is reported that the top three winners of this trading competition will receive multiple incentive supports. The eligibility for participation is not limited by the token creation time and the USD1 trading pairs that meet the requirements mainly include: projects created using USD1 as the base token on Four meme or other Four meme projects with active USD1 liquidity pools.
There are currently many Meme coins with the same name in the market. The token contract with the highest liquidity is currently:
EGL1: 0xf4b385849f2e817e92bffbfb9aeb48f950ff4444
BIG DON: 0x71429f2e1e243b451b939a2af2b69fa646064444
「安」: 0x126976da699d5ad0815eb134286fc6ca53e04444
BlockBeats reminds users that Meme coin trading is highly volatile, largely driven by market sentiment and hype, without actual value or use case. Investors should be aware of the risks.
