Meme coins on the Binance Smart Chain (BSC) have surged following the relaunch of BNB Chain's 10-day "USD1 Trading Competition." Coins that previously performed well in the earlier competition have seen significant gains, with some older USD1 pool Meme coins experiencing over 300% increases before retreating. Notably, coin B rose 6% in the past 24 hours, reaching a market cap of $24.8 million, while EGLD saw a 29% increase, with a market cap of $22.2 million. Coin E surged 110% to a peak market cap of $1.9 million before dropping to $400,000. The first USD1 tournament, set for May to July 2025, will be hosted by WLFI, BUILDon, Four.meme, PancakeSwap, and BNB Chain, with rewards exceeding 1 million USD1 tokens. BlockBeats cautions investors about the high volatility and speculative nature of Meme coins, which often lack intrinsic value or practical use cases.
BSC Meme Coins Rally Amid BNB Chain's USD 1 Trading Contest
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