Odaily星球日报讯 GMGN 行情显示，受 Binance Alpha 上线影响，mubarak 市值短线一度突破 5000 万美元，暂报 4150 万美元。

mubarak市值短线突破5000万美元，暂报4150万美元

Odaily Odaily News GMGN market data shows that due to the launch of Binance Alpha, the market value of mubarak briefly exceeded 50 million US dollars and was temporarily reported at 41.5 million US dollars.

Mubarak's market value briefly exceeded 50 million US dollars, temporarily reported at 41.5 million US dollars

Odaily reported that CZ posted a dynamic on Binance Square saying "Going to see a friend this weekend" and accompanied it with a <MEME> related to Mubarak. According to GMGN market data, after CZ's dynamic was released, the price of Mubarak quickly rose by more than 150%, with a market capitalization once exceeding $20 million, currently reported at $18 million, and a 24-hour trading volume of $27.1 million.

Mubarak surges over 150% after CZ posts on Binance Square

Here is the English translation:

- Capital flows back to non-MEME coins
- Without fundamentals, value cannot be sustained
- VCs must adapt to the fair-launch Web3 landscape
- CZ calls for projects to build a slowly-released token economy

Since 2024, the meme coin craze has swept this cycle, with market capital clearly shifting from VC-backed tokens to community-driven MEMEcoins. However, the recent enthusiasm for meme coins has clearly declined, and investors seem to be gradually returning to non-meme tokens.
The family office of Binance founder CZ, YZi Labs...

CZ YZi Labs: Funds are flowing back from meme coins to Altcoin. Meme coins have no fundamentals and cannot maintain their value.

After many warnings and extensions, the deadline for <Token> Migration of the Pi Network has passed, and users who did not complete KYC verification have lost a large amount of <Token>. The price of this asset has decreased by around 11% to...

Mubarak's market value briefly exceeded 50 million US dollars, temporarily reported at 41.5 million US dollars

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