BlockBeats news, on January 26, according to GMGN monitoring, the results of the BNB Chain 'USD1 Trading Competition' that ended yesterday have not yet been announced, and the top three market values are all established Meme coins, namely EGL1, CDL, and Liberty. Among them, EGL1 and Liberty participated in similar competitions from May to July last year.
Recently emerging new Meme coins have shown divergent performances. Previously popular coins such as 'BIG DON' and '1' have seen their market values drop to below 5 million USD. Meanwhile, 'memes' and '安' still maintain a certain scale, with current market values approximately 12.5 million USD and 10 million USD, ranking fourth and fifth in market capitalization, respectively, with '安' having dropped about 80% from its peak.
According to the official announcement, this trading competition ended at 8 AM (Beijing time) on the 25th, and the top three in this competition will receive multiple incentives, with the criteria for victory yet to be specifically announced. There is no token creation time limit for participation eligibility, and the qualified USD1 trading pairs mainly include: projects created with USD1 as the base token on Four meme, or other Four meme projects that have an active USD1 liquidity pool.
BlockBeats reminds users that Meme coin trading is highly volatile, heavily relying on market sentiment and speculative concepts, and has no actual value or use cases. Investors need to be aware of the risks.
