BNB Meme Coin Frenzy Creates Overnight Millionaires and Costly Mistakes

BNB Chain is dominating new token activity, according to fresh data from Bubblemaps. Over the past 24 hours, the network has seen nearly 35,000 new tokens launched, and far surpassed other blockchains. The surge was accompanied by an on-chain trading volume of roughly $10 billion.

To put this into perspective, Solana followed with around 16,000 new tokens and $2.3 billion in volume, while Coinbase’s Layer 2 Base recorded about 30,000 tokens but with a far smaller $27 million in trading.