Analysis of Binance Life's milestone as Base App's first Chinese meme coin
TL;DR
Binance Life has indeed become the first Chinese meme coin supported by the Base app, a milestone officially confirmed on October 20, 2025. While the token did surge 50% on October 17, this surge occurred before the Base app integration announcement. CZ's endorsement and the openness of the Base ecosystem fueled this historic integration, with the token currently trading around $0.18-0.24 and a market cap of approximately $178-243 million.
Core Analysis
Base APP Integration Milestone
Official Confirmation : On October 20, 2025, Jesse Pollak, head of the Base protocol, demonstrated the BNB Chain token swap feature on Twitter, focusing on trading Chinese meme coins such as Binance Life. CZ subsequently responded and confirmed: "Binance Life is the first Chinese project ticker to be launched from BNB Chain on the Base App," emphasizing the concept of "big picture, open system , and user-centricity."
Technical Implementation : Binance Life itself runs on the BNB Chain (contract address: 0x924fa68a0fc644485b8df8abfa0a41c2e7744444 ), not the Base Chain native token. By adding BNB Chain exchange support, the Base app allows users to trade BNB ecosystem tokens directly within the app without leaving the wallet environment. cn.cointelegraph
Market performance analysis
Price Trend : Binance Life is currently trading between $0.1817 and $0.2469, with a market cap between $178M and $243M . Binance Life did experience a 50% single-day surge on October 17th (from a low of $0.126 to a high of $0.212), but this occurred before the Base app integration announcement (October 20th).
Historical Performance : Since its launch on October 4, the token has experienced a dramatic 6,000-fold increase, rising from approximately $0.000001 to a peak of $0.51 on October 9 (with its market capitalization briefly reaching $500M). It then entered a period of adjustment, fluctuating between $0.13 and $ 0.24.
| Time Node | Price (USD) | Market capitalization (USD) | Key Events |
|---|---|---|---|
| October 4 | ~$0.000001 | - | Four.Meme released |
| October 9 | $0.51 | $500M+ | historical high |
| October 17 | $0.126 → $0.212 | - | +50% single-day increase |
| October 20 | $0.1817-0.2469 | $178-243M | Base APP integration confirmation |
On-chain activity analysis
Trading Activity : Between October 19th and 20th, PancakeSwap alone saw 17,135 unique transactions , totaling $10.22M in trading volume. The buy-to-sell ratio was close to 1:1, indicating relatively balanced market sentiment. The average transaction size was $571, primarily driven by retail investors.
Token Distribution : Approximately 150,000+ addresses hold the token, with the top 10 holding addresses controlling approximately 20-30% of the supply (including liquidity pools). No single whale holds more than 5%, suggesting a relatively healthy distribution.
Liquidity : The main liquidity is concentrated in PancakeSwap (about $15M TVL), which supports $10K+ trading volume with slippage less than 0.5%.
Social sentiment analysis
CZ's influence : CZ played a key role in this integration, not only indirectly endorsing it through social media, but more importantly, promoting cross-ecosystem collaboration. He emphasized that this embodies the concept of "open systems" and transcends the competitive relationship between Binance and Coinbase.
Community reaction : The Chinese community expressed pride in becoming the first Chinese meme coin supported by the Base APP, viewing it as a breakthrough in Chinese crypto culture. However, the community also remained cautious about the high volatility, emphasizing that it is still a speculative asset. panewslab
Cultural Significance : Binance Life originated from Binance co-founder He Yi's social media reply "Enjoy Binance Life", becoming a symbol of cultural resonance in the Chinese crypto community and filling the gap in Chinese meme coins on mainstream platforms.
Technical Analysis
Support and Resistance : The current price fluctuates between $0.18 and $0.24, with $0.13 as a key support level and $0.30 as a short-term resistance level. After a 65% pullback from the historical high of $0.51, the technical chart shows signs of an oversold rebound.
Volume Analysis : 24-hour trading volume remained in the $27-40M range, down slightly from its peak but still healthy. DEX trading dominated (90%+), demonstrating decentralization.
Risk Assessment : As a meme coin, it is highly volatile. While Base App support has improved accessibility, it still faces regulatory risks, liquidity risks, and market sentiment fluctuations.
in conclusion
Binance Life has truly made history, becoming the first Chinese meme coin supported by the Base app. This milestone embodies the value of cross-chain interoperability and an open ecosystem. This collaboration was driven by CZ's strategic support and the openness of the Base ecosystem. While the token's 50% surge on October 17th preceded the announcement of the Base app integration, the integration undoubtedly enhances its long-term accessibility and global exposure.
The current market capitalization of $178-243 million reflects the market's recognition of this cultural phenomenon, but investors should be aware of the inherent high risk of meme coins. The more important significance of this event lies in demonstrating the openness of the crypto ecosystem and the possibility of cross-chain cooperation.