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The USD1 Transaction Event Concludes But Results Yet to be Announced: Traditional Meme Coins Occupy Top Three Market Cap Spots, with New Coins "memes" and "peace" Following Suit
BlockBeats News, January 26, according to GMGN monitoring, the results of the BNB Chain's "USD1 Trading Competition" that ended yesterday have not yet been announced. Currently, the top three in market value are all well-known Meme coins, namely EGL1, CDL, and Liberty. EGL1 and Liberty both participated in a similar competition from May to July last year.
Newly rising Meme coins have shown divergent performances. Previously popular coins like "BIG DON" and "1" have fallen to less than $5 million in market value. However, "memes" and "An" still maintain a certain scale, with current market values of approximately $12.5 million and $10 million, ranking fourth and fifth in market value, respectively. The price of "An" has fallen by about 80% from its peak.
According to the official announcement, the trading competition ended at 8:00 am on the 25th (Beijing time). The top three winners of this competition will receive multiple incentives, and the specific criteria for winning have not been announced. There is no token creation time limit for participation eligibility. The eligible USD1 trading pairs mainly include projects created based on USD1 on Four meme or other Four meme projects with an active USD1 liquidity pool.
BlockBeats reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, lacks practical value or use cases, and investors should be aware of the risks.
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