Chainfeeds Summary:

The key to reviving the BSC is a dual-engine drive: stabilizing BNB price expectations as the foundation, and continuously creating new memecoins as fuel.

Source:

https://www.theblockbeats.info/news/57317

Author:

BUBBLE

Viewpoint:

BUBBLE: It all started on March 12th when the UAE sovereign wealth fund MGX announced a $2 billion investment in Binance. The market's attention was completely drawn to this event, with all kinds of KOLs and news media rushing to report and interpret it. 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 wearing a shirt that said "Editor". Three 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 memecoins with a CA ending in "6f6" 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 $Mubarak "6f6" community member with an emoji, possibly to avoid a crazy split like the previous broccoli incident, or for other reasons. CZ's implicit endorsement of the CA as the "leader". With CZ's endorsement, the token's market cap quickly surged from $400,000 to $13 million within 10 hours. Over the next 12 hours, the token's market cap fell back to $3.5 million. At this point, it was night in the UTC+8 time zone, and the discussion around BSC and CZ began to ferment, with various articles spreading on social media, and the price gradually rebounding. By 8:40 am, CZ had posted a meme on the Binance Square with Mubarak's head photoshopped onto his own face, captioned "Going to see a friend this weekend". The market reacted strongly, and the token's market cap surged from $7 million to $47 million. Exactly 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, hovering around the $30-40 million market cap range. Until the evening of March 16th at 7 pm, when CZ's public wallet purchased 1BNB of $Mubarak, 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 driven itself, but the entire BSC ecosystem. CZ and He Yi seem to have found the traffic formula, retweeting a 3-year-old tweet "Inshallah", and retweeting a photo of themselves with the actual helmsman of the UAE sovereign fund MGX, Tahnoun, with the caption "Mashallah". The former has a market cap of $1 million, and the latter easily $15 million. Well-known KOL Crypto Wei commented on the recent BSC market performance, saying that CZ's thinking is correct. The key to reviving the BSC is a dual-engine drive: stabilizing BNB price expectations as the foundation, and continuously creating new memecoins with explosive propagation power as fuel, and maintaining the ecosystem's debt under control 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 narrative of 100x rotation rather than being stuck in a trap. And BNB, as the ultimate liquidity endpoint, has the advantage of breaking through, unlike Solana which needs external transfusion. Binance only needs to form a flywheel of pumping out new dogs → attracting market makers → accumulating TVL → feeding back to BNB after the BSC ecosystem is established, and can launch the BN-based memecoin market at any time to deliver the fatal blow.