Evening Review: What Has the Meme Market Been Playing With This Past Week?
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Evening Review: What Has the Meme Market Been Playing With This Past Week?
BSC rises again with massive inflows, while Solana and Base appear relatively weak.
Navigating Web3 tides with focused insights
Happy Monday, everyone.
Compared to the past few weeks, market sentiment has moved away from "extreme panic." Large-cap cryptocurrencies are warming up, small-cap altcoins have stopped falling, and—unsurprisingly—the ever-popular on-chain meme coin frenzy remains alive and well.
First off, congratulations to lucky BSC meme traders. The BSC chain’s meme sentiment has reignited around a new hotspot, $mubarak, pulling liquidity back into the "Binance narrative." This momentum has pushed $BNB back toward $640, with BSC-based tokens dominating Binance’s gainers list.
Meanwhile, meme activity across major public blockchains showed improvement last week. Base’s AI-themed meme revival is back in motion, while Solana sees fresh waves of “conspiracy”-themed memes...
TechFlow brings you a quick recap of this week’s hottest meme trends!
Note: Meme tokens are highly volatile and carry significant risks. Investors should carefully assess these risks before participating. This article merely shares information based on current market trends. Neither the author nor the platform guarantees the completeness or accuracy of the content, and no part of this article constitutes investment advice.
A Binance Staff Meme Token Hits Nine Figures
Recently, BSC has dominated the scene, and a massive new dog-themed meme token, $mubarak, emerged with a market cap exceeding $100 million.
Here's a quick background: On March 12, Abu Dhabi’s sovereign fund MGX invested $2 billion into Binance. For more details about MGX and its backstory, see TechFlow’s article: The Mysterious Backer Behind Binance and OpenAI: UAE’s No. 2 Leader Bets Trillions on AI. With strong financial backing from the Middle East, Binance’s confidence grew. The next day, Binance’s Chinese-language official account posted a meme featuring a wealthy Middle Eastern figure wearing a necklace marked “Editor,” referencing their social media team. CZ later retweeted it with the word “mubarak” (meaning “blessed” in Arabic).
Following that, multiple $mubarak tokens appeared and began racing for dominance. After a phase of rising prices reinforcing community consensus, the token at contract address 0x5c85d6c6825ab4032337f11ee92a72df936b46f6, $mubarak, pulled ahead, now approaching a market cap of $130 million.
However, $mubarak didn’t skyrocket overnight. As a semi-celebrity token sparked by CZ’s engagement, its price movements remain tightly tied to his actions.
After $mubarak gained traction, CZ frequently mentioned it on Twitter—retweeting photos with Middle Eastern investor Tahnoun and actively engaging in discussions around mubarak. Though he never explicitly endorsed it, his subtle support was enough for the community. On Saturday, $mubarak briefly hit a $50 million market cap before dropping back to around $25 million.
Just as the community began wondering if $mubarak would fizzle out like previous attempts, around 7 PM yesterday (March 16), a wallet labeled as CZ’s personal address: 0x28816c4c4792467390c90e5b426f198570e29307, bought $mubarak and $TST, each for 1 BNB. Shortly after, CZ posted on Binance Square saying, “Doing some weekend testing.”
The apparent confirmation of CZ personally buying $mubarak and adding to $TST ignited the market. $mubarak’s market cap surged over 200%, $TST followed suit, and the entire BSC ecosystem revived. By Monday, $mubarak surpassed $100 million in market cap, peaking nearly seven times higher than when CZ made his purchase.
With Sentiment Rising, Who Else Is Making Moves?
BSC Interaction Plays
With $mubarak setting a precedent, the traffic and wealth effect generated by direct interactions from CZ and He Yi have become increasingly evident. Frequent engagements in recent days have spawned numerous new meme tokens.
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$Palu (Binance's Palu)
Contract Address: 0xb75a7e8876df49a74cc4c76c6bda161a8ea4b483 | 24H Volume: $15 million
Current Market Cap: $7.85 million
Peak Market Cap: $10.53 million
$Palu originated from a meme image posted by Binance’s Chinese official account. After receiving interaction from He Yi, the term “Palu” mentioned by Binance staff quickly inspired token creation, briefly reaching a $10 million market cap.
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$TUT (Tutoria)
Contract Address: 0xcaae2a2f939f51d97cdfa9a86e79e3f085b799f3 | 24H Volume: $11.1 million
Current Market Cap: $8.5 million
Peak Market Cap: $14.84 million
On March 17, CZ retweeted an official BNB Chain post demonstrating how to create a BEP20 token. The example token used in the tutorial was named $TUT.
Solana Memes: Still Chaotic and Conspiratorial
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$YZY (Swasticoin)
Contract Address: 9gyfbPVwwZx4y1hotNSLcqXCQNpNqqz6ZRvo8yTLpump | 24H Volume: $13.2 million
Current Market Cap: ~$11.3 million
Peak Market Cap: ~$50 million
On Saturday evening (March 15), Kanye West’s former Twitter account @kanyewest suddenly retweeted a post containing a CA (contract address) pointing to a Kanye-related token called $YZY—an unexpected move that looked like personal endorsement. The token’s price immediately spiked 400%.
However, rumors had already circulated that Kanye had sold the account, and the retweet was soon removed. Currently, $YZY’s market cap has dropped back to around $11.3 million.
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$DOPE (Department Of Propagand)
Contract Address: 26dRTrJjKH9pKCNHzZyj8u3B8NqrNn6SoSfWRbPpdDRS | 24H Volume: $13.2 million
Current Market Cap: ~$11.3 million
Peak Market Cap: ~$50 million
On March 14, Trump signed an executive order dissolving the U.S. Agency for Global Media (USAGM) to reduce federal spending, sparking controversy over press freedom. On March 16, Musk responded with a meme renaming it “Department of Propagation Everywhere (DOPE).”
This concept closely resembles the previously popular meme token “Department of Government Efficiency (D.O.G.E),” which once exceeded a $100 million market cap. As a result, $DOPE briefly surged on Solana. However, lacking sustained attention, its value dropped from $5 million to around $700,000, trending toward zero.
Base Chain: AI Token Renaissance
Following Grok’s wildly interactive behavior on Twitter, several Grok-themed meme tokens emerged. Among them, $DRB rose to prominence, reigniting interest in AI-driven token launches on Base. However, influenced by the BSC surge, Base’s meme activity has cooled slightly.
We’ve previously covered in detail how $DRB led Base’s AI meme revival—see TechFlow’s article: AI Token Hype Returns to Base: What’s Everyone Trading Now?. Here we only list relevant tokens without further elaboration.
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$DRB (DebtReliefBot) – Three AIs Collaborate to Launch a Token
Contract Address: 0x3ec2156d4c0a9cbdab4a016633b7bcf6a8d68ea2 | 24H Volume: $1.8 million
Current Market Cap: $10.18 million
Peak Market Cap: ~$42 million
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$BNKR (BankrCoin) – AI Agent Tokens Reborn
Contract Address: 0x22af33fe49fd1fa80c7149773dde5890d3c76f3b | 24H Volume: $340,000
Current Market Cap: $22 million
Peak Market Cap: ~$44 million
Market Shifts Fast—Stay Cautious and Agile
The extent to which Solana and Base’s hot memecoins have been drained by BSC activity shows that much of the current capital remains intra-market rotation. Liquidity chases narratives aggressively, inevitably leaving other sectors behind. If a story lacks staying power, abandonment can happen in an instant.
Looking at today’s booming BSC scene, Binance’s mobile app update has moved the Binance Alpha entry from the wallet section to the main trading interface. Users can now directly trade projects listed on Binance Alpha using funds within the exchange, giving them exposure comparable to spot listings.
Increased visibility has driven short-term rallies in various cross-chain meme tokens already listed on Binance Alpha. But don’t rush in yet. According to user feedback, although purchases can be made directly through the exchange app, trades still occur via on-chain liquidity pools, meaning users may still suffer partial profit loss due to sandwich attacks (“being front-run”).
That said, Binance has promised full compensation to users who incur losses from such attacks.
Undeniably, the current BSC meme sentiment heavily relies on the personal influence of CZ and He Yi—a somewhat “centralized” emotional dynamic that clearly comes with both advantages and risks.
If CZ continues engaging in this “community sentiment + meme” model, even minimal effort could sustain BSC meme热度 for a considerable time. But any perceived “lapse” from CZ might be overinterpreted by the community. Once sentiment fades, BSC could quickly return to chaos.
If the traffic driven by individual influence can be converted into organic ecosystem growth—and technical barriers preventing deeper participation in BSC (like being sandwiched when buying memes) are resolved—then BSC’s momentum could extend much further.
That concludes our weekly recap. Always remember to manage risk when trading memes. DYOR!
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