With the price of BNB registering a massive 30% increase, the BNB chain ecosystem is also experiencing impressive performance, fueled by China-themed meme coins launched on the Four.meme launchpad.
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BNB Chain’s momentum steals attention from meme coins
As BNB hits the $1,300 barrier, the BNB Chain ecosystem is experiencing a meme coin frenzy, with multiple BNB Chain-based tokens gaining significant momentum over the past few days.
In particular, continued momentum has seen tokens such as Palu (PALU), BinanceLife (BinanceLife), 4 (FOUR), PUP (PUP), and CZ's Dog (BROCCOLI) post massive gains.
Four.meme, a BNB chain-based meme coin launchpad, has overtaken Pump.fun, Solana’s main launchpad, in terms of daily revenue, according to data from DeFiLlama.
In the past 24 hours, Four.meme generated approximately $1.4 million in revenue, outpacing Pump.fun's $885,420. Meanwhile, Four.meme ecosystem tokens surged about 88%, with an overall market capitalization of $1.044 billion and daily trading volume of $963.4 million, according to CoinGecko data.
Nevertheless, Solana-based Launchpad continues to lead in higher terms, with weekly and monthly revenues of $8.34 million and $40.9 million, respectively. Binance co-founder and former CEO Changpeng Zhao, also known as CZ, highlighted the recent meme coin craze on the BNB chain.
On Tuesday, CZ acknowledged the “BNB meme szn” about X and declared, “I wasn't expecting this at all.” On-chain analytics platform Bubble Maps declared that “BNB meme coin currency is real,” noting that over 100,000 on-chain traders have jumped on board with the new meme coin craze, with 70% of them profiting.
As detailed by the platform, 21,000 investors have made profits of more than $1,000 and 900 investors have made profits of more than $100,000 on leading tokens. Meanwhile, 40 traders made more than $1 million in profits, and one trader made more than $10 million in profits.
Will BNB meme coin season continue?
A member of the cryptocurrency community weighed in on how long the ongoing meme coin trend will last and whether it's worth getting into it. According to X's post, investors believe the BNB Chain token frenzy could continue, claiming that “this time is different.”
Following Binance Life's meteoric rise to a market cap of $372 million in less than a week, the investor cited multiple reasons why BNB Chain's meme coin season could continue for some time.
They claimed that “CZ and He Yi have no intention of letting this wave fade easily,” and suggested that they are “likely to continue pushing this wave forward.” The investor noted that the ecosystem is more mature and capital is more abundant. Previously launched meme coins were “aiming” to be listed on Binance, but the new project’s exit is now clearer.
“We first generate hype through reposts, then launch on Alpha, followed by listing on Aster Spot and Binance Spot. Each step fuels upward momentum with a relentless surge,” they explained.
Finally, the investor argued that the rules have changed because this memecoin bull market is being led by the Chinese-speaking community, who are “on the crest of the wave” this time.
“Those who are quick to accept change will benefit first, while those who are biased will neither gain nor lose,” they concluded.
Featured image from Unsplash.com, chart from TradingView.com
