He Yi, the young warrior of the blockchain, needs to review the culture around the world in every cycle, and recently Twitter has been occupied by Middle Eastern culture. Everyone is spreading the blessing, and Mubarak has become the focus of this weekend. What is Mubarak, and why has he become the leader of this "CZ concept"?
It all started on March 12th when the UAE sovereign wealth fund MGX announced a $2 billion investment in Binance, attracting the attention of the entire market. BlockBeats also reported on this event in detail.
Further reading: <Binance Receives $2 Billion in Institutional Investment, the Mastermind Behind It Is the Second-in-Command of Abu Dhabi>
The interesting part is that on the afternoon of the next day at 2:38 pm, the official Binance Chinese Twitter account posted a Meme image of an Arabic-looking character with "editor" written on his clothes. 3 hours later, CZ retweeted the post with the caption "Mubarak", and within minutes, Four.meme launched dozens of tokens with "Mubarak" as the ticker. One of the memecoin with a "6f6" ending in the CA quickly surged to a market cap of $1.55 million and then quickly fell back to $230,000. The token then fluctuated between $200,000 and $800,000 in market cap.
Until CZ stepped in again, on March 14th at 6:07 am, he retweeted a post from a community member of the $Mubarak "6f6" token with an emoji, possibly to avoid the crazy outflow like the previous broccoli incident, or for other reasons, CZ indirectly authenticated the CA as the "leader". With CZ's authentication, the token's market cap quickly surged from $400,000 to $13 million within 10 hours.
In the next 12 hours, the token's market cap fell back to $3.5 million. At this time, it was night in the GMT+8 time zone, and discussions about BSC and CZ began to ferment on social media, and the price gradually rebounded. At 8:40 am, CZ posted a meme on the Binance Square with Mubarak's avatar photoshopped onto his own face and the caption "Going to see a friend this weekend". The market reacted strongly, and the token's market cap surged from $7 million to $47 million. 12 hours after CZ's "going to see a friend" post, Binance Alpha listed Mubarak, and the token price fluctuated up and down for the rest of the day, staying in the $30-40 million market cap range. Until 7 pm on the evening of March 16th, CZ's public wallet purchased 1BNB of $Mubarak, and the community's confidence in its listing on Binance increased exponentially. 17 hours later, as of the time of writing, the $Mubarak market cap has exceeded $130 million, with a 24-hour trading volume of $80 million.
In fact, $Mubarak has not only brought itself, but the entire BSC ecosystem. CZ and He Yi seem to have found the traffic secret, retweeting a post from 3 years ago "Inshallah", and retweeting a photo of himself with Tahnoun, the actual helmsman of the UAE sovereign fund MGX, with the caption "Mashallah". The former has a market cap of $1 million, and the latter easily reached $15 million.
There is also a small subplot about Mashallah. Originally, Four.meme posted a meme about some recent BSC memecoins, including $Mashallah. Abrlien, who was elected Binance's best global content creator last year, kindly informed about the taboo issues regarding Middle Eastern religion, and CZ randomly removed the top image. When Abrlien was asked whether the word $Mubarak is suitable for a memecoin, he received an affirmative response.
The organizational chart of the Binance exchange posted by the Binance Chinese editor shows a prominent meme character "Palu" in the top right corner. He Yi also has the same question, and after He Yi's confusion, this meme image became a $Palu Memecoin with a market cap of $70 million. "Just give the order, and we will support you to become the new CEO" is the current comment from community members to the Binance Chinese editor.
Retweeting a friend's abstract video, the "Answer me!" echo is deafening. As expected, $Answer surged 20 times in one minute, from a $100,000 market cap to $2 million, with a 24-hour trading volume of $2.8 million.
The well-known KOL Crypto Wei commented on the recent BSC market, saying that CZ's approach is correct. The key to reviving BSC lies in a dual-drive, stabilizing BNB price expectations as the cornerstone, and continuously creating new memecoins with explosive dissemination power as fuel, and maintaining the ecosystem's debt controllable through split-plate liquidity management "replacing old coins at high positions with new plates at low positions", allowing retail investors to repeatedly reinvest in the hundred-fold narrative rotation rather than being stuck in a trap.
As the ultimate liquidity endpoint, BNB has the advantage of breaking through. Unlike Solana, which needs external blood transfusion, Binance only needs to form a flywheel of pumping out new dogs → attracting market makers → accumulating TVL → replenishing BNB after the ecosystem is established, and can then launch the BN-based memecoin market at any time to deliver the fatal blow.
Indeed, under CZ's operation in these few days, BSC has become active again, and the market sentiment is reflected in the token prices. However, the market is volatile, so please pay attention to investment risks and potential misinformation. The above content is not investment advice.
Welcome to join the official BlockBeats community:
Telegram subscription group: https://t.me/theblockbeats
Telegram discussion group: https://t.me/BlockBeats_App
Twitter official account: https://twitter.com/BlockBeatsAsia
