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Binance-Backed Mubarak Meme Coin Explodes, Early Trader Makes Millions

Published by
Vignesh S G

The Mubarak meme coin, launched on March 16 on the Binance Chain, has seen massive growth in just two days, catching the crypto world by surprise. Its market cap has already crossed $200 million, and in the last 24 hours alone, its price has surged by 41%. But what’s really turning heads is an early trader who turned a tiny $232 investment into a jaw-dropping $1.1 million.

With Binance backing the project and speculation running wild, could this be the next big meme coin, or is a correction around the corner?

Let’s take a closer look.

Mubarak’s Rapid Rise: A 466% Price Surge

On March 16, Mubarak was priced at just $0.03648092. Today, it climbed to a peak of $0.206730—an impressive 466.68% increase. However, the price has slightly dipped since then, currently sitting at $0.1839, which is 11.03% below its high. In the past hour, the market has also seen a minor 3.6% drop.

Despite these small pullbacks, the meme coin’s total market cap has already crossed the $200 million milestone in just two days.

A Lucky Trader’s Big Win

Blockchain data reveals a remarkable success story – one investor turned just $232 into an astonishing $1.1 million.

The trader initially bought at least 10.5 million Mubarak tokens using only 0.4 BNB, worth $232. Later, he sold part of his holdings, earning at least 576 BNB – valued at around $363,500.

What’s more interesting? He still holds over 5.16 million Mubarak tokens, showing confidence in the coin’s future.

Binance Founder’s Investment Sparks Rally

Binance founder Changpeng Zhao recently purchased at least $600 worth of Mubarak. Interestingly, CZ has made several controversial statements, triggering speculations about his strong connections with Binance’s sensational meme coin. 

Adding to this, Binance has now officially supported the meme coin. Yesterday, the exchange announced plans to launch a MUBARAK/USDT perpetual contract, boosting investor confidence even further.

Analysts Predict Strong Future Growth

Many crypto analysts, including the well-known Thanos, are optimistic about Mubarak’s potential. Thanos has even called it a “no-brainer” investment in the current market.

With Binance’s backing, strong early gains, and growing interest, Mubarak continues to capture attention. Will it keep climbing, or is a correction ahead?

Stay tuned for the latest updates!

FAQs

How to buy Mubarak coin?

You can buy Mubarak on Binance Chain via decentralized exchanges like PancakeSwap. Swap BNB or USDT for Mubarak in your crypto wallet.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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