'memes' Emerges as Top Contender in BNB Chain Trading Race
On January 21, the newly launched meme coin 'memes' exploded onto the scene, rapidly gaining traction across BNB Chain. According to on-chain data from GMGN, the token surged shortly after launch, now trading around $0.023 with a market cap exceeding $23 million. It has secured a spot in the top 3 of the ongoing USD1 trading competition.
The 10-day event is now in its sixth day, with intense competition among emerging meme tokens. The current leaders by market cap are EGL1, CDL, and 'memes'—all surpassing $20 million, reflecting strong speculative interest and community momentum.
How the Trading Competition Fuels Short-Term Activity
The campaign incentivizes projects to create active trading pairs with USD1 on platforms like Four meme. Any token that deploys a functional USD1 liquidity pool qualifies automatically, regardless of launch time.
- Projects must use USD1 as the base trading pair
- Liquidity pools must remain active
- Top three winners receive platform incentives and exposure
This structure has triggered a wave of new launches and boosted short-term trading volume across the ecosystem.
High Volatility Ahead – Proceed with Caution
While 'memes' and similar tokens show explosive growth, they lack fundamental value or real-world use cases. Price movements are driven purely by sentiment and hype, making them extremely volatile. Investors should approach with caution, avoid emotional trading, and never risk more than they can afford to lose.