Memecoin

Mubarak

The new memecoin Mubarak has sparked a trading frenzy on Binance Smart Chain, fueled by Changpeng Zhao’s support and its recent listing on Binance Alpha. 
Memecoin trading on <a href="https://crypto.news/tag/binance-smart-chain/">Binance Smart Chain</a> (<a href="https://crypto.news/price/bnb/">BNB</a>) is enjoying a revival, thanks to the recent addition of the new memecoin Mubarak (MUBARAK). As of press time, MUBARAK is trading for $0.16, up by about 106% over the past week, according to <a href="https://coinmarketcap.com/currencies/mubarak/" target="_blank" rel="nofollow">Coinmarketcap</a>. 
Yesterday, MUBARAK briefly claimed the the top spot on BNB Chain memecoin by market capitalization ranking, with its trading volume exceeding $180 million, as reported by <a rel="nofollow" href="https://x.com/rootdatacrypto/status/1901945965851902428?s=46" target="_blank">Root Data</a>. Although it has since ceded the top spot, MUBARAK remains firmly in the top 5 BSC memecoins by market cap, with its market capitalization currently at $159 million. 
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 <img loading="lazy" decoding="async" width="1476" height="634" src="https://crypto.news/app/uploads/2025/03/image-31.png" alt="New memecoin on BNB Chain MUBARAK up over 100% over the week, buoyed by CZ's support - 9" class="wp-image-14346546">
 <figcaption class="wp-element-caption">
 Source: <a href="https://dappbay.bnbchain.org/discover/meme-coins" target="_blank" rel="nofollow">BNB Chain DappBay</a>
 </figcaption>
</figure> 
The rally in MUBARAK could be attributed to two main catalysts. First, MUBARAK was recently <a href="https://www.binance.com/en/square/post/21682806758737" target="_blank" rel="nofollow">listed</a> on <a href="https://crypto.news/tag/binance">Binance</a> Alpha. 
Secondly, Changpeng Zhao recently <a href="https://www.binance.com/en/square/post/21664482133730" target="_blank" rel="nofollow">purchased </a>20,150 MUBARAK for 1BNB, which was valued at $600 at the time of the transaction. Today, Zhao also changed his profile picture on X to a photo of him wearing traditional Arab dress. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1277" height="922" src="https://crypto.news/app/uploads/2025/03/zhaox.webp" alt="New memecoin on BNB Chain MUBARAK up over 100% over the week, buoyed by CZ's support - 10" class="wp-image-14346547">
 <figcaption class="wp-element-caption">
 Source: <a rel="nofollow" href="https://x.com/cz_binance" target="_blank">SZ’s X profile</a>
 </figcaption>
</figure> 
However, Zhao <a href="https://twitter.com/cz_binance/status/1901655801921466370" target="_blank" rel="nofollow">downplayed</a> his role in the token’s rally, stating: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “People give me too much credit. I didn’t have any magic for any of the wonderful things happening. It’s builders building for years. I know only a handful of words in Arabic, but I am happy that I may have “inspired” millions of people to learn a few words, too.” 
</blockquote> 
 You might also like: <a href="https://crypto.news/cz-libra-tst-broccolli-bnb-donation-2025/"> CZ receives more BNB after LIBRA donation, pledges to aid TST and BROCCOLI victims </a> 
Whether Zhao’s purchase directly fueled this rally or not, his investment into MUBARAK is still a noteworthy development. Just recently, Zhao <a href="https://crypto.news/cz-calls-for-automatic-token-listings-on-cexs-following-tst-listing-on-binance/">stated</a> that he hadn’t invested in memecoins when <a href="https://crypto.news/cz-calls-for-automatic-token-listings-on-cexs-following-tst-listing-on-binance/">Test </a>(TST) was pumping on BNB following its appearance in a tutorial video. This suggests that MUBARAK could be his first memecoin investment, making it no surprise that the token has seen such a massive pump after Zhao’s purchase. 
The surge in trading activity driven by MUBARAK and other new tokens is a positive development for BNB Chain, a sentiment that was echoed by Harrison Seletsky during the TST’s rally in February, <a href="https://www.theblock.co/post/340700/cz-teases-dog-memecoin-details-igniting-hype-as-pancakeswap-surpasses-uniswap-in-dex-volume" target="_blank" rel="nofollow">stating</a> that “More memecoin trading would be a welcome addition to the BNB Chain ecosystem, attracting more users, increasing liquidity, and further engaging the existing community.” 
 You might also like: <a href="https://crypto.news/matrixport-memecoin-market-still-in-a-slump-despite-global-liquidity-improving/"> Matrixport: Memecoin market still in a slump despite global liquidity improving </a>

New memecoin on BNB Chain MUBARAK up over 100% over the week, buoyed by CZ’s support

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