The cryptocurrency market is currently experiencing a period lacking in narratives and speculative themes. Binance founder Zhao Changpeng (CZ) has personally engaged in meme coins, not only driving the prices of related cryptocurrencies skyward but also fostering the prosperity of the BNB Chain ecosystem.
This past weekend, CZ executed several “stirring operations.” On Saturday, he posted a social media update on Binance Square stating, “Going to meet a friend this weekend,” accompanied by a meme related to the meme coin MUBARAK, which directly propelled the price of this meme coin to surge over 150%.
As the buying momentum for MUBARAK appeared to weaken and it seemed poised for a pullback, CZ made further on-chain purchases of MUBARAK and TST. Although the amounts were not substantial, they were sufficient to provide the community with enough reasons to buy, causing MUBARAK to surge again, with its market capitalization reaching as high as $100 million this morning.
With CZ’s assistance, the performance of the BNB Chain ecosystem has also shown significant growth, with a trading volume of $1.6 billion over the past 24 hours, surpassing Ethereum and Solana by more than 60%. Additionally, BNB Chain is one of the few ecosystems that have shown a growth trend in Total Value Locked (TVL) over the past week.
Investors are now observing two key points: “What meme coin will CZ shout about next?” and “What is the ceiling for CZ’s conceptual coins?” If the ceiling cannot be raised, the current speculative narrative may struggle to sustain itself. After all, CZ himself is the ceiling for the BNB Chain ecosystem’s promotion; if he cannot call out a meme coin with a billion-dollar market cap, it seems unlikely that anyone else could achieve that either.
