BNB Chain's New Memecoin $BUBB Explodes 800% in Its Debut, Achieving a Market Cap of Over $30 Million

Having started trading at around $0,0025, the price of BUBB exploded to $0,04119, registering a staggering surge of almost 800% in a few hours.

Despite the recent market downturn, memecoins continue to generate buzz among crypto traders, especially on BNB Chain.

One such memecoin, BUBB, quickly achieved a market cap of over $30 million on Friday (22) after its listing on cryptocurrency exchanges such as KuCoin, Bitget, MEXC and BITMAX.

Having started trading at around $0,025, the price of BUBB exploded to $0,04119, registering a staggering surge of almost 800% in a few hours. The sudden surge sparked strong interest in the market, boosting trading volume.

However, the asset experienced a significant correction of -43,3% after its initial appreciation.

As of 07:36 (GMT+8), the price of BUBB had slid to $0,02109, accompanied by a reduction in transaction volume.

In the last 24 hours, BUBB trading volume reached $50.122.968, representing a decrease of -20,60% compared to the previous day, suggesting a slowdown in market activity after the initial move.

MUBARAK Soars Over 200% at the Start of the Week and Attracts Attention

Another BNB Chain memecoin, MUBARAK, surged 200% earlier in the week, reaching $0,206 and a market cap of $200 million.

The rally was fueled by the listing on Binance Alpha and a move by former Binance CEO Changpeng Zhao (CZ), who exchanged 1 BNB for 20.150 MUBARAK (around $600), sparking speculation in the market.

"Another great memecoin on BNB Chain. Good project, great community. Now available on Alpha Edition," said Binance in a statement.

One trader managed to turn $232 into $1,1 million in just two days by trading the token, highlighting the potential for significant gains.

The trader, known online as "Blitz Trader," began with 10.000 MUBARAK, which he purchased for $232.

Over the course of two days, the trader skillfully executed trades, leveraging the token's volatility to his advantage. By the time he sold his holdings, the price of MUBARAK had skyrocketed to $110,1.

At that price level, the trader's initial investment of $232 had transformed into a staggering $1,1 million.