24/7 Cryptocurrency News

BNB Price Eyes Fresh ATH As Mubarak Leads Meme Coin Frenzy

BNB price surged 6.2% to $637, fueled by heightened meme coin activity on Binance Smart Chain (BSC), led by Mubarak, following CZ's recent purchase.
Published by
BNB Price Eyes Fresh ATH As Mubarak Leads Meme Coin Frenzy

Highlights

  • Analysts suggest a potential rally beyond $720 if BNB price sustains its breakout above a descending channel pattern.
  • BNB Chain's decentralized exchange (DEX) trading volume hit $1.64 billion, surpassing Solana.
  • PancakeSwap, the leading DEX on BNB Chain, emerged as the top platform.
  • Mubarak coin surged 71% in 24 hours, reaching $0.1304, amid rumors of a $600 purchase by Binance founder Changpeng Zhao.

BNB price has gained more than 6.2% today moving to $637 and eyeing for the next leg of the rally to its all-time high of $720, and beyond. Investor sentiment has strengthened as Binance Smart Chain (BSC) experiences a significant surge in meme coin activity, driven by Mubarak. This has propelled DEX volumes on BSC to record highs, surpassing those of Solana.

Advertisement

BNB Price Jumps 4.5% Eyes Fresh All-time Highs

Following the current development, the BNB price has shot up by 4.5% today while the broader crypto market is facing consolidation. At press time, BNB was trading at $628 with daily trading volume surging 21% to $1.75 billion.

As per the Coinglass data, the BNB futures open interest is also up by 10.72% to $875 million, suggesting a bullish outlook among traders.

Binance Coin or BNB price has broken out of a descending channel pattern in the 4-hour timeframe, according to crypto analyst Pro Crypto Signals. “If BNB sustains its position above the channel structure, it could rally toward $720 in the coming days,” the analyst noted.

Source: Pro Crypto Signals

However, for a strong rally ahead, the BNB price needs to break past the crucial resistance of $630. This will set the stage for a major rally to the fresh all-time highs of $720, and beyond.

Additionally, last week’s reports also suggest that the Trump family is eyeing a stake in Binance.US. However, Changpeng Zhao dismissed the rumors very soon stating that the WSJ article has been putting misleading information.

Advertisement

BNB Chain Surpasses Solana In DEX Trading Volume

Over the last 24 hours, the decentralized exchange (DEX) trading volume on BNB Chain has crossed an impressive $1.64 billion, surpassing Solana to grab the top spot. The surge was largely driven by memecoins like Mubarak.

Source: LookonChain

PancakeSwap, the leading DEX on the BNB Chain, also emerged as the platform with the highest trading volume within the same period, solidifying its dominance in the DeFi space. This highlights the growing activity and interest in the BNB Chain ecosystem, fueled by memecoin trading and decentralized finance innovations.

Mubarak Meme Coin Jumps 71%

The Mubarak meme coin has rallied by 71% in the last 24 hours on reports that Binance founder Changpeng Zhao has purchased $600 worth of the meme coin. As of press time, the meme coin is trading at $0.1304 with daily trading volumes at $123 million.

On the other hand, many early investors reaped substantial profits. For example, Lookonchain recently revealed that one trader earned over $521,000 in profit by investing in MUBARAK.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Coinbase Joins Ripple and Circle In Applying For National Banking License

Crypto exchange Coinbase has applied for a national trust charter, joining the likes of Ripple,…

October 4, 2025
  • 24/7 Cryptocurrency News

USDT Issuer Tether Eyes $200M Raise To Launch Tokenized Gold Treasury Company

Tether Holdings, the company behind the world’s largest stablecoin USDT, is preparing to raise at…

October 4, 2025
  • 24/7 Cryptocurrency News

REX-Osprey Files For ADA, HYPE, XLM, SUI ETFs as Crypto ETF Frenzy Heats Up

REX Shares and Osprey Funds have filed for 21 single-asset crypto exchange-traded funds (ETFs) with…

October 4, 2025
  • Cryptocurrency Exchange Reviews

ChangeNOW’s Quiet Power Play in Helping Crypto Businesses

When most people think of crypto platforms, their minds jump to consumer-facing exchanges with bold…

October 3, 2025
  • Bitcoin News

Standard Chartered Sees Bitcoin Soaring to $200,000 by Year-End on ETF Boom

Standard Chartered believes Bitcoin (BTC) could reach a record high by the end of 2025.…

October 3, 2025
  • Bitcoin News

Walmart’s OnePay App to add Bitcoin and Ethereum trading

Walmart's OnePay App is the latest company to jump on the crypto wave, with plans…

October 3, 2025