USD1 Meme Coins Take Over BNB Chain as CapitainBNB, TUT, and CA Drive Frenzy
- USD1-paired meme coins comprise nearly 90% of meme token trading volume on BNB Chain.
- Around 21% of profitable traders have earned over $1,000, suggesting strong early gains.
- CapitainBNB leads the category with the highest volume and wallet count.
USD1-paired meme tokens have surged in popularity on the BNB Chain, dominating the bulk of their trading activity. Between May 20 and 24, these tokens have accounted for nearly 90% of all meme token trading volume on the network.
According to on-chain data and TK Research, CapitainBNB, TUT, and CA were the most active in this movement, drawing thousands of wallets and millions in volume.
USD1: The Stablecoin Behind the Meme Token Surge
In what analysts call the “USD1 Meme Boom,” the third week of May saw a rise in USD1-paired meme coin activity on BNB Chain. A tweet by TK Research confirms that starting May 21, USD1-backed tokens made up more than 50% of all meme trading volume. By the end of the week, this share had risen to almost 90%.
This trend shows how USD1, part of the World Liberty Financial ecosystem, is fast becoming the stablecoin of choice for speculative meme assets trading on the BNB Chai…
The post USD1 Meme Coins Take Over BNB Chain as CapitainBNB, TUT, and CA Drive Frenzy appeared first on Coin Edition.
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USD1 Meme Coins Take Over BNB Chain as CapitainBNB, TUT, and CA Drive Frenzy
- USD1-paired meme coins comprise nearly 90% of meme token trading volume on BNB Chain.
- Around 21% of profitable traders have earned over $1,000, suggesting strong early gains.
- CapitainBNB leads the category with the highest volume and wallet count.
USD1-paired meme tokens have surged in popularity on the BNB Chain, dominating the bulk of their trading activity. Between May 20 and 24, these tokens have accounted for nearly 90% of all meme token trading volume on the network.
According to on-chain data and TK Research, CapitainBNB, TUT, and CA were the most active in this movement, drawing thousands of wallets and millions in volume.
USD1: The Stablecoin Behind the Meme Token Surge
In what analysts call the “USD1 Meme Boom,” the third week of May saw a rise in USD1-paired meme coin activity on BNB Chain. A tweet by TK Research confirms that starting May 21, USD1-backed tokens made up more than 50% of all meme trading volume. By the end of the week, this share had risen to almost 90%.
This trend shows how USD1, part of the World Liberty Financial ecosystem, is fast becoming the stablecoin of choice for speculative meme assets trading on the BNB Chai…
The post USD1 Meme Coins Take Over BNB Chain as CapitainBNB, TUT, and CA Drive Frenzy appeared first on Coin Edition.
Read More