USD1 Transaction Battle Nearing End: Top Meme Coins Occupy Top Three Market Cap Spots, Funds Continuously Rotating Among New Meme Coins in the Sector
BlockBeats News, January 22nd, according to GMGN monitoring, BNB Chain's 10-day "USD1 Trading Competition" has entered its seventh day. Currently, the top three tokens by market capitalization are all well-established Meme coins, namely EGL1, CDL, and Liberty; among them, EGL1 and Liberty had participated in a USD1 trading competition on the BSC chain from May to July last year.
In contrast, recently emerged new Meme coins have shown divergent performances. The previously surging "BIG DON" and "An" have retraced over 70% from their peaks, with current market capitalizations hovering around $17 million each, ranking fourth and fifth in market capitalization. Other popular new coins such as "1" now have a market cap of less than $5 million, while "memes" has fallen to around $8.7 million.
Furthermore, today several USD1 pool Meme coins have experienced significant price surges, such as "Polar Bear 2026" and "One," with their market caps once rising by over $10 million, indicating that funds are still rotating within the relevant sector.
It is reported that the top three winners of this trading competition will receive multiple incentive rewards, and participation is not limited by token creation time. The eligible USD1 trading pairs mainly include: projects created on Four meme using USD1 as the base token, or other Four meme projects with active USD1 liquidity pools.
BlockBeats reminds users that Meme coin trading is highly volatile, relies heavily on market sentiment and hype, lacks actual value or use case, and investors should be aware of the risks.
