BlockBeats News, January 20th, according to GMGN monitoring, BNB Chain's 10-day "USD1 Trading Competition" has now entered its fifth day. As the community generally believes that winning projects are likely to have the opportunity to be listed on top exchanges, this event has quickly spawned multiple new Meme coins with USD1 liquidity pools (such as "安" and "BIG DON"), causing their market value to soar, and has also injected a new round of market expectations into some old projects (such as EGL1, CDL). The recent popular Meme coin "1" may also see a market value surge due to its USD1 liquidity pool.
The current top three tokens by market value are as follows:
EGL1: Market value is currently reported at $29.7 million, with a current price of approximately $0.0297;
BIG DON: Market value is currently reported at $29.5 million, with a current price of approximately $0.0295;
安: Market value is currently reported at $27 million, with a current price of approximately $0.027.
It is reported that the top three winners of this trading competition will receive multiple incentive supports. The eligibility for participation is not limited by token creation time. The USD1 trading pairs that meet the requirements mainly include projects created based on USD1 as the base token on Four meme or other Four meme projects with active USD1 liquidity pools.
BlockBeats reminds users that Meme coin trading is highly volatile, largely reliant on market sentiment and hype, with no actual value or use case. Investors should be aware of the risks.
