BSC Meme Token Surpasses Solana Counterpart After White House Tweet

Following a now-deleted White House tweet shared by Binance’s He Yi, the BSC meme coin surged over 160% in two hours, pushing its market cap to $13.69M.

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Summary

The BSC ecosystem meme coin experienced a sharp rally, rising more than 160% within two hours after a White House tweet, later deleted, was amplified by Binance CEO He Yi. The token’s market cap jumped from $2.68 million to $13.69 million, with 24-hour trading volume reaching $75.4 million. This marks another major spike following January’s launch, when the token reached $28 million market cap and 7,300 holders, surpassing the Solana variant’s $3.6 million valuation.

Terms & Concepts
  • BSC (Binance Smart Chain): A blockchain network built by Binance, designed for fast and low-cost transactions and compatible with Ethereum applications.
  • Market Cap: The total value of a cryptocurrency, calculated by multiplying its price by the number of tokens in circulation.
  • Meme Token: A cryptocurrency inspired by internet memes or trends, often created for community engagement rather than technical innovation.