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Viral Memecoins Drive BNB Chain's Momentum

7h40 ▪ 4 min read ▪ by Luc Jose A.
Getting informed Centralized Exchange (CEX)
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On the BNB Chain, a few days were enough to turn modest bets into lightning-fast fortunes. Driven by meme coins launched in a chain and propelled by social virality, a new speculative wave is shaking the ecosystem. Between dizzying returns and community excitement, the episode reveals both the excesses and the attractiveness of a network that has become the favorite playground of traders.

Crypto investors are watching a memecoin fireworks show on the BNB Chain.

In Brief

  • Several traders have achieved spectacular gains in a few days thanks to memecoins launched on the BNB Chain.
  • The memecoin “4”, born from a phishing incident, surged in value after a viral repost by Changpeng Zhao on X.
  • Returns of up to x2,260 were recorded, turning investments of a few thousand dollars into millions.
  • The BNB Chain establishes itself as a major hub for on-chain trading, driven by a community culture heavily focused on speculation.

Spectacular Returns

A series of major transactions set the BNB Chain on fire within a few days, while its native crypto reached a new all-time high.

Several traders pocketed dizzying gains thanks to relatively modest initial investments in freshly launched memecoins.

According to data from the Lookonchain platform, we note in particular :

  • “0xd0a2” : an initial investment of $3,500, turned into $7.9 million in three days, a return of x 2,260 ;
  • “hexiecs” : the injection of $360,000 into the token “4”, with a gain of more than $5.5 million ;
  • “brc20niubi” : a bet of $730,000, turned into $5.4 million ;
  • “0x872” : an investment of $3,000, for a profit close to $2 million in just a few hours.

The token “4”, catalyst of this frenzy, originated from a security incident on the BNB Chain. During a phishing attack, a hacker only managed to steal $4,000, an amount so trivial that it was ridiculed by the community.

This joke quickly took shape as a memecoin, whose viral spread was instantly amplified by CZ’s post to his 8.9 million followers.

This simple gesture was enough to trigger an inflow of speculative capital into the token, demonstrating once again the power of social networks in the crypto market dynamic.

A Blockchain That Has Become the Epicenter of On-Chain Trading

Beyond individual gains, these episodes reveal a deeper transformation: the BNB Chain is establishing itself as a major hub for on-chain trading, especially in the speculative assets universe such as memecoins.

Marwan Kawadri, DeFi and EMEA manager at BNB Chain, indicates that “the BNB Chain has always been strong in DeFi, but today it is becoming the nerve center of on-chain trading”. He points out that this phenomenon is supported by record active addresses and growing volumes on DEXs (decentralized exchanges), while highlighting the trading culture specific to the BNB ecosystem, particularly conducive to the rapid spread of new trends.

The on-chain data confirm this dynamic. According to the Bubblemaps platform, over 100,000 traders have participated in this recent speculative wave on BNB memecoins. 70% of them were in profit at the peak, and some recorded colossal performances.

One wallet exceeded $10 million in gains, 40 others crossed the million-dollar threshold, and more than 900 addresses cashed in profits greater than $100,000. According to Nansen, the three tokens most purchased by traders in the last 24 hours are all native to the BNB Chain, confirming the strategic appeal of this ecosystem.

However, this effervescence raises structural questions. In the absence of fundamental value, memecoins remain dependent on community enthusiasm. A sudden reversal of sentiment could result in a drop just as rapid as the rise. In this context, prospects will depend as much on regulation as on the evolution of investor behavior. Can the BNB Chain thanks to the explosion of volumes turn this dynamic into a lever for sustainable growth, or is it doomed to experience bubble cycles as fleeting as they are volatile?

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.