The post Mubarak Meme Coin Hits $200M Market Cap – Is It the Next Big Crypto? appeared first on Coinpedia Fintech News
The Mubarak meme coin, which was launched on March 16 on the Binance Chain, has experienced exceptional growth. In the last 24 hours, the Mubarak price has seen a growth of 41%. The total market cap of the meme coin has crossed the milestone of $200 million in just two days. Notably, an early trader of this token has successfully converted his $232 investment to a $1.1 million return. Will the meme coin continue its rally? Read on!
Mubarak Meme Coin’s Massive Surge
At the start of March 16, the price of Mubarak was $0.03648092. At one point today, the price touched a peak of $0.206730, marking an impressive growth of 466.68%. In the last 24 hours alone, the Mubarak meme coin market has recorded a surge of nearly 41%. Currently, the price of Mubarak stands at $0.1839 – approximately 11.03% below the peak. Importantly, in the last one hour, the market has registered a drop of 3.6%.
According to reports, in just two days of the launch, the total market cap of Mubarak has crossed the milestone of $200 million.
Mubarak Early Trader’s Incredible Return
A blockchain analysis reveals that an early trader has successfully converted his $232 investment into a $1.1 million return.
The trader originally purchased at least 10.5 million Mubarak meme coin tokens by spending just 0.4 BNB tokens, worth $232.
Later, he sold a part of his Mubarak holdings in return for at least 576 BNB, valued at at least $363,500.
The interesting part is that the trader still holds no fewer than 5.16 million Mubarak meme coin tokens.
Binance Founder’s Investment Sparks Rally
According to reports, Binance founder Changpeng Zhao recently purchased at least $600 worth of Mubarak.
Interestingly, CZ has made several controversial statements, triggering speculations about his strong connections with Binance’s sensational meme coin.
Apart from that, Binance has extended support to Mubarak.
Yesterday, Binance officially revealed its plan to launch a MUBARAK/USDT perpetual contract.
The meme coin has benefited hugely from the support it has received from the Binance team.
Crypto Analyst Predicts More Growth in the Mubarak Market
Many crypto analysts, including Thanos, have expressed optimism about the future growth potential of the Mubarak meme coin.
Thanos notes that investing in this meme coin is a “no-brainer” investment decision in the current market scenario.
