Possibly influenced by the USD1 trading competition, some established USD1 pool Meme tokens rose today.
TL;DR
Some established USD1 pool Meme tokens surged today, possibly due to BNB Chain's renewed trading competition, with gains over 300% for some like Z and E, though prices have since fallen back significantly.
Tags
On January 15th, according to GMGN monitoring, possibly influenced by BNB Chain's renewed 10-day "USD1 Trading Competition," some of the leading Meme coins in the previous USD1 trading competition on the BSC chain saw another surge today. Additionally, established USD1 pool Memes (such as Z and E) with smaller market capitalizations saw surges exceeding 300%, but have since fallen back significantly. Some details are as follows:
B: Up approximately 6% in the last 24 hours, with a market capitalization of $248 million and a current price of approximately $0.248.
EGL1: Up approximately 29% in the last 24 hours, with a market capitalization of $22.2 million and a current price of approximately $0.022.
E: The stock price has risen by approximately 110% in the last 24 hours. This morning, its market capitalization peaked at $1.9 million, but has since fallen sharply to $400,000. It is currently trading at approximately $0.0004.
The first USD1 trading competition was scheduled for May-July 2025, co-hosted by WLFI, BUILDon, Four.meme, PancakeSwap, and BNB Chain, with a total prize pool of over 1 million USD1 tokens.
BlockBeats reminds users that Meme coin trading is highly volatile, relying heavily on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.