A recently launched memecoin on the BSC chain dubbed BUILDon (B) rallied over 150 percent in the last 24 hours to trade above $0.1 on Wednesday, during the late North American trading session. The small-cap memecoin, with a fully diluted valuation of about $102 million and a 24-hour average traded volume of about $60 million, recorded staggering gains after an endorsement from Donald Trump-backed World Liberty Financial (WLFI).
According to an X post, the WLFI project purchased an undisclosed amount of $B tokens following its recent move to use the USD1 stablecoin as its base pair.
“We just bought some $B to support the BUILDon team. Love seeing projects choose $USD1 as their base pair — faster settlement, deeper liquidity, and growth every day. We hope to see more tokens make the switch,” the announcement noted.
The BUILDon memecoin has attracted more than 13k on-chain holders after a net pooled USD1 of over 842k to provide liquidity. The BSC mascot is well positioned to rally further in the coming days amid the rising demand for memecoins following the Bitcoin price pump towards a new all-time high.
Furthermore, the memecoin culture on the BNB chain has gained significant traction in the recent past following the deliberate decision by Binance to support project developers. However, the $B price faces significant volatility ahead amid heightened crypto speculation, thus prone to pump and dump schemes.
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