On December 10th, according to GMGN monitoring, Binance co-CEO He Yi WeChat account was hacked and subsequently reposted content related to Mubarakah. As a result, Mubarakah's market capitalization briefly exceeded $8 million, rising from $0.001 to $0.008, before significantly declining. Currently, Mubarakah's market capitalization is estimated at $3.1 million, with a current price of approximately $0.003. Furthermore, screenshots provided by several KOLs show that Mubarakah's price began to rise minutes before He Yi post, indicating that multiple insider trading addresses had pre-positioned their positions.
BlockBeats reminds users that Meme coin trading is highly volatile, relying heavily on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.
