Mubarak’s sharp 40% drop after Binance Listing rekindled discussions about centralized exchange list practices and the broader state of the memecoin ecosystem.
This came alongside the growing scrutiny surrounding coin firing of speculative memes like jelly. This has recently caused short squeezes, dragged over the hype and caused fear of deeper structural risks.
Mubarak discussed the CEX listing process with the community
Mubarak’s sudden drop has fallen by 40% since Binance’s debut, rekindling concerns about the quality of the recent list regarding centralized exchanges. Binance recently ended its first list voting with a surge in broccoli and tutorials.
Figure: Mubarak prices drop after the binance list. Source: TradingView
Critics argue that these cases undermine trust in both Defi and CEX platforms as meme coins continue to dominate the headlines while the more stable crypto sector is gaining attention.
Still, some platforms like Pump.Fun are driving innovation and introducing features like token burning and revenue sharing to guide memecoin towards a more sustainable future.
These concerns have grown even more, following the list of speculative meme coins on binance, including BNB chain tokens like jelly added to scrutiny.
Binance founder Changpeng Zhao (CZ) is working on the criticism and says the token list should not decide on long-term pricing measures.
The list can provide liquidity and improve market access, but CZ emphasized that the price impact should be short-term. In the long run, the value of a token must reflect actual foundations such as team commitment, development activities, and network performance.
Still, despite the community seeking more transparency, Binance Alpha continues to list controversial tokens, including two Studio Ghibli-themed meme coins.
High lipid crisis has raised users questioning memecoin
This week, Mubarak’s decline was not the only crisis in the memecoin ecosystem. The hype has experienced a sharp decline following a short squeeze of jelly, causing widespread speculation about the role of high lipids and meme coins in the cryptosystem.
Some users are even questioning whether this could be the beginning of the FTX style collapse as concerns grows over the unchecked volatility associated with memecoin derivatives.
The Jelly controversy has announced a discussion about the vulnerability of the new platform and whether sufficient protective measures are in place to prevent systemic fallout from meme-driven market events. In response to the backlash, Hyperliquid announced it would tighten its security measures to prevent similar incidents in the future.
Jean Rausis, co-founder of the decentralized financial ecosystem Smardex, told Beincrypto that they need to think about the images that Defi Ecosystem sends to the market.
“If you want to adopt Defi, the ecosystem needs to gain trust not only in terms of existing users, but also in terms of the image you present in the news. It is clear that such incidents will occur when a project mistakenly labels it as ‘decent’. ”
Sectors like RWA help to increase the reliability of your crypto
Kevin Rusher, founder of the decentralized lending protocol, described this as a major blow to Defi’s reliability. “This is another set of defi adoption, but that’s not a surprise,” he said.
He warned that tokens like Trump and Melania captured too many mind shares during the last market surge, leaving defi vulnerable to speculative disruption.
Still, Rusher pointed to the growing involvement of agencies like BlackRock as a sign of hope.
“However, it appears that institutions like BlackRock and large companies like BlackRock also understand the need for crypto stability. That’s why they are now seriously focusing on the talkcation of real-world assets (RWAS). The unfortunate reality is that Mimecoin is likely to remain here. Memocoin’s frenzy puts the entire ecosystem at stake,” Rusher told beincrypto.
More innovations could bring new interest in memecoin
In a recent conversation with Bankless, Pumpfun co-founder Alon Cohen shared insights about the Meme Coins Market, highlighting Pumpfun’s 4Chan-inspired aesthetic, binding curve pricing model, and initiatives focused on new creators.
Pump.Fun has generated more than 8.8 million tokens, peaking at a record $14 million, bringing a total of $600 million since its launch.
Alon highlighted that while Meme Coin Market is cooled, it’s nearly 49% down from its $125 billion peak in December 2024 – Fun is committed to supporting creative and community-driven projects.
To increase long-term sustainability, the team is currently introducing token creator revenue sharing mechanisms, transparent fee structures, and token burning capabilities to reduce the extractive nature of memecoin launches.
These new mechanisms allow more buyers to come, and as ecosystems try to become more sustainable, new generations of memecoin traders could emerge.
