The USD1 trading race is nearing its end: established Meme coins occupy the top three spots in market capitalization, while funds are repeatedly rotat...
TL;DR
The BNB Chain's USD1 trading competition is in its final days, with established Meme coins like EGL1, CDL, and Liberty leading in market cap. Newer coins have seen sharp declines, while funds rotate within the sector, highlighting high volatility and risks for investors.
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On January 22, according to GMGN monitoring , the BNB Chain's 10-day "USD1 Trading Competition" entered its seventh day. Currently, the top three tokens by market capitalization are all established Meme tokens: EGL1, CDL, and Liberty. Among them, EGL1 and Liberty participated in the USD1 trading competition on the BSC chain from May to July last year.
In contrast, the performance of recently emerging meme coins has diverged. "BIG DON" and "安" (which once surged) have seen their market capitalization fall by more than 70% from their peak, currently hovering around $17 million each, ranking fourth and fifth respectively. Other popular new coins, such as "1", have a market capitalization of less than $5 million, while "memes" has fallen to approximately $8.7 million.
In addition, several USD1 pool Meme coins saw significant gains today, such as "Polar Bear 2026" and "One," whose market capitalization once exceeded $10 million, indicating that funds are still rotating within related sectors.
It is understood that the top three winners of this trading competition will receive multiple incentives. There are no restrictions on the token creation time for participation. Eligible USD1 trading pairs mainly include: projects created on the Four meme using USD1 as the base token, or other Four meme projects with active USD1 liquidity pools.
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.