- Mubarak meme coin jumped 70 percent in one day, with its market cap reaching $200 million within just two days of launch.
- One trader turned a $232 investment into $1.1 million by buying 10.5 million $MUBARAK tokens and selling a portion at peak value.
- The token’s rise follows its listing on Binance Alpha and support from Binance founder, boosting BNB Chain activity significantly.
The Mubarak meme coin, launched on Binance Smart Chain, recorded a 70 percent increase in trading volume over the last 24 hours. Currently trading at $0.1905, the token reached a market cap of $200 million within two days of its release, reflecting a strong market response.
Early Trader Earns Massive Returns
According to blockchain tracker LookonChain, one early trader converted an initial investment of just 0.4 BNB, approximately $232, into more than $1.1 million. The investor initially acquired 10.5 million $MUBARAK tokens and later sold a portion of the holdings for 576 BNB, worth around $363,500. The trader still holds 5.16 million tokens across three wallets, valued at roughly $764,000.
Binance Founder’s Influence Sparks Interest
The rapid price movement followed an announcement that Binance founder Changpeng Zhao had backed the project. This development triggered heavy interest among crypto traders, causing a sudden increase in both buying pressure and trading activity.
Mubarak token gained further traction after being listed on Binance’s Alpha platform, drawing significant liquidity and trading interest. The listing attracted both retail and institutional players, contributing to sharp price momentum. Crypto analyst Thanos described the token as a strategic buy, citing its potential after the recent futures-related market adjustment.
BNB Chain Activity Pushes Token Momentum
The launch of Mubarak on the BNB Chain has coincided with increased network engagement, driving BNB prices toward the $630 resistance zone. This surge in trading has also contributed to a spike in decentralized exchange volumes. Significantly, BNB chain’s daily volumes recently exceeded those of the Solana network.
Market activity is steadily moving from Solana to Binance, supported by rising on-chain activity and user adoption. The Mubarak coin has added momentum to this transition, suggesting growing investor interest in BNB-based meme coins and their potential market impact.
