The Memecoin project in the BSC (Binance Smart Chain) ecosystem has seen a significant increase in value over the past 24 hours. In particular, the growth of Binance Life was remarkable.
According to the data, Binance Life is currently trading at $0.371. Another BSC-based meme coin (4 names) was $0.147, up 32.18% in the past 24 hours. Meanwhile, Xixian was trading at $0.0164, up 39.58%. Analysts point out the high volatility of these meme coins and urge users to be cautious.
Chart showing the rise in token price.
Users who purchase Memecoin run a very high risk of losing all their assets, including their principal.
After Binance launched Binance Life Futures, the token market capitalization skyrocketed to over $400 million. This allowed the whale, who had previously spent 3,335 BNB (approximately $4.27 million) to purchase 12.74 million Binance Life tokens, to recoup his $2.74 million loss and make a profit of $1.08 million.
Meanwhile, Base Protocol founder and administrator Jesse Pollack praised the Chinese community in a Chinese post on social media platform X. “I feel the energy of Base in the Chinese community every day,” Pollack said. “This chain was born in the West, but it’s built for everyone. We’ve been here together since day one.”
Pollack also included the phrase “Base Life” in the post.
*This is not investment advice.
