Mubarak Weekend Soars 1300x, CZ Adds More A8 Players to BSC Again | 100x Retrospective

With a cloth on the head, everyone will prosper together! The P junior of the blockchain needs to review cultures from around the world in each cycle, and recently Twitter has been dominated by Middle Eastern culture. Everyone is spreading blessings, and Mubarak has become the focus of this weekend. What is Mubarak, and why has he become the leader of this wave of the 'CZ concept'?

Things started on March 12 when the UAE sovereign fund MGX announced a $2 billion investment in Binance, attracting all the market's attention. KOLs and news media of all sizes rushed to report and interpret this event. BlockBeats also has a detailed report on this event.

Further reading: "Binance Welcomes $2 Billion Institutional Investment, Backed by Abu Dhabi's Number Two Person"

The exciting part came the next afternoon at 2:38 when Binance's official Chinese Twitter account posted a meme image of an Arab-themed 'editor' on a piece of clothing. Three hours later, CZ retweeted the tweet and captioned it 'Mubarak.' Within minutes, Four.meme launched dozens of tokens with Mubarak as the ticker. One memecoin, ending in '6f6,' quickly surged to a high point of $1.55 million market cap and swiftly retraced to $230,000 market cap. The token then fluctuated in the $200k-$800k market cap range.

It wasn't until CZ intervened again that things escalated. At 6:07 on March 14, he retweeted a community member's $Mubarak '6f6' tweet with an emoji, possibly to avoid a frenzy split like the previous broccoli brawl, among other reasons. CZ indirectly endorsed the CA as the 'leader.' With CZ's endorsement, the token's market cap surged from $400k to $13 million within 10 hours.

In the following 12 hours, the token's market cap fell back to $3.5 million. It was nighttime in GMT+8, and discussions about BSC and CZ spread on social media, gradually causing a price rebound. By 8:40 in the morning, CZ posted a meme where he morphed Mubarak's face into his and captioned it 'Going to see a friend this weekend' on Binance Square. The market reacted strongly, with the token's market cap rising from $7 million to $47 million. That day, exactly 12 hours after CZ's 'seeing a friend' post, Mubarak was listed on Binance Alpha. The price fluctuated throughout the day, hovering in the $30-$40 million range. By 7:00 PM on March 16, CZ publicly purchased $Mubarak worth 1 BNB in his wallet, doubling the community's confidence in its Binance listing. As of the time of writing, 17 hours later, $Mubarak's market cap exceeds $130 million, and the 24-hour trading volume has reached $80 million.

In fact, what $Mubarak sparked was not just about himself, but the entire BSC ecosystem. CZ and He Yi seemed to have found the traffic code, reposting a tweet from 3 years ago with the word "Inshallah," and sharing a photo with Tahnoun, the actual helmsman of the UAE sovereign fund MGX, captioned with "Mashallah." The former has a market cap of $1 million, while the latter effortlessly reached a market cap of $15 million.

There is also a little story about Mashallah. Four.meme originally posted a meme image about several recent memecoins in the BSC space, including $Mashallah. However, last year's winner of the Binance Global Best Content Creator, Abrlien, kindly pointed out the taboo issue related to Middle Eastern religions. CZ randomly unpinned the aforementioned image. When Abrlien was asked if the term $Mubarak was suitable for a memecoin, he received an affirmative response.

Binance's Chinese content editor posted an organizational chart of Binance Exchange, and in the top right corner, the prominent meme figure "Palu" stands out. Who is he? He Yi also had the same question. After He Yi's curiosity, this meme image transformed into the $Palu Memecoin, with a market cap of $70 million. "As long as you give the command, we will support you in becoming the new CEO." This is a comment from a community member to Binance's Chinese content editor.

A retweet of an abstract video created by a netizen, with the haunting sound in the video saying, "Answer me!" Interestingly, $Answer multiplied 20 times within a minute, skyrocketing from a $100,000 market cap to $2 million, with a 24-hour trading volume reaching $2.8 million.

A well-known crypto influencer, Crypto Veve, commented on the recent BSC market trend, stating that CZ's strategy is correct. The core of revitalizing BSC lies in a dual-wheel drive system: stabilizing the BNB price as the cornerstone and continuously creating new memecoins with viral spread as fuel. By employing a split-pot liquidity management strategy of "swapping old coins' high positions for new coins' low positions to initiate a restart," the ecosystem's debt is kept under control, allowing retail investors to repeatedly reinvest in the multi-fold narrative rotation instead of being trapped with losses.

BNB, as the ultimate liquidity endpoint, comes with inherent disruptive advantages. Unlike Solana, which requires external funding, Binance only needs to pump out new dog projects in the ecosystem, attract market makers, lock in TVL, and then feed back into BNB. After the flywheel is formed, Binance can easily launch a BN-based memecoin market for a lethal blow.

Indeed, in these days under the manipulation of "CZ," BSC has regained its vitality, and the market sentiment is also reflected in the token prices. However, the market is ever-changing, so please be aware of investment risks and potential misinformation. The above content is not investment advice.

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