Mubarak Meme Coin Skyrockets 325% After CZ’s Surprise Buy – Is This Just the Beginning?

Jakarta, Pintu News – Mubarak (MUBARAK), a meme coin based on BNB Chain, has stolen investors’ attention after Binance founder Changpeng Zhao (CZ) surprisingly bought the token.

Within days of the purchase, MUBARAK’s price soared by 325%, with its market capitalization skyrocketing from just $6,000 (Rp98 million) to more than $100 million (Rp1.63 trillion), according to CoinGecko data (17/3/25).

Is this just a momentary hype or the start of a new trend in the world of memecoins?

Mubarak explodes thanks to Changpeng Zhao’s support

Mubarak was first launched on March 14, 2025 on Four.Meme’s launchpad and immediately gained huge attention after CZ bought $600 worth of tokens or 1 BNB via PancakeSwap CAKE->Current CAKE PriceRp 0Market Cap-Trading Volume-Circulating Supply-.

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This move came as a surprise to many, given that CZ was previously skeptical of memecoins and was more supportive of projects with real utility.

Support from CZ sparked a surge in trading activity on MUBARAK, prompting it to list on several major exchanges such as MEXC, Gate.io, and BingX.

In addition, Binance Alpha provided a liquidity boost of $50,000 (IDR 818.75 million) through the BNB Chain Pool Support program, helping to increase MUBARAK’s total liquidity to over $1 million (IDR 16.37 billion).

MUBARAK Trading Volume Pushes BNB Chain to Overtake Solana

The rise of MUBARAK not only benefits its token holders but also impacts BNB Chain as a whole.

In the last 24 hours (17/3/25), DEX trading volume on BNB Chain reached $1.637 billion (IDR 26.85 trillion), surpassing Solana and making it the network with the highest DEX trading volume.

PancakeSwap, as the main DEX in the BNB ecosystem, also recorded the best performance during this period. The increased interest in MUBARAK and other memecoins shows how much impact speculative assets have on the overall dynamics of the crypto market.

Early Investors Reap Fantastic Profits

MUBARAK’s price surge has given early investors huge profits. Lookonchain revealed that a trader who initially bought 12.35 million MUBARAK tokens for 8.55 BNB (approximately $4,947 or Rp81.02 million) managed to make a profit of more than $521,000 (Rp8.53 billion).

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The trader sold 2.35 million tokens for 125 BNB ($74,120 or Rp1.21 billion) and still holds 10 million tokens that are now worth around $452,000 (Rp7.4 billion). This story shows how volatile the memecoin market can be and how speculation can lead to incredible profits in a short period of time.

Will the MUBARAK Increase Continue?

Although MUBARAK is currently still in a bullish trend, some analysts warn of a possible price correction. The rising wedge chart pattern formed on the 4-hour time frame (3/17/25) indicates a potential decline in the near future.

If this pattern plays out, MUBARAK could drop to the first support level around $0.04 (IDR655.4) before resuming its upward movement.

In addition, the hype driving MUBARAK’s current price may die down if there are no strong fundamental factors to support it in the long run.

History has shown that many memecoins experience large price spikes before eventually dropping back to lower levels.

Overall, CZ’s purchase of MUBARAK has pushed the token’s price up dramatically and brought it into the limelight in the crypto world.

In addition, these memecoins have helped increase trading volumes on BNB Chain, shifting Solana’s dominance in the DEX sector.

However, investors should remain wary of the high volatility in the memecoin market. Can MUBARAK survive in the long run or is it just a momentary hype? Only time will tell.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinfomania. CZ’s Surprise Investment in Mubarak Meme Coin Sparks Crypto Surge. Accessed March 18, 2025.
• Coinpedia. Mubarak Meme Coin Gains Momentum on Binance Chain Amid Crypto Recovery. Accessed March 18, 2025.
• Coinspeaker. Binance-Based Mubarak Meme Coin Soars 325% After Changpeng Zhao Purchase. Accessed March 18, 2025.