Crypto Invest Makes 4,860x Profit With This Meme Coin

The Mubarak meme coin, launched on the Binance Smart Chain, has taken the market by storm, seeing an astonishing 70% spike in trading activity within a single day.

This surge has pushed the coin’s value to $0.1905 and driven its market capitalization to an impressive $200 million, just two days after its debut. One early investor has managed to turn a modest $232 investment into a staggering $1.1 million, realizing a 4,860x return.

Blockchain analysis platform LookonChain revealed that this investor acquired 10.5 million $MUBARAK tokens for 0.4 BNB (approximately $232). After selling a portion of their holdings for 576 BNB, valued at around $363,500, the trader now retains over 5 million tokens, worth an estimated $764,000 across multiple wallets.

What fueled the frenzy surrounding Mubarak? The meme coin’s rapid rise can be attributed to several key events. Binance founder Changpeng Zhao’s backing provided a significant boost, sparking immense interest from traders. Additionally, the coin’s recent listing on the Binance Alpha platform further amplified its popularity, leading to a dramatic surge in its trading volume.

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Crypto analyst Thanos, who has expressed strong bullish sentiment on the coin, calls it a “no-brainer” investment at its current price. He also noted that the market correction following the Binance Futures listing has cleared out overleveraged positions, leaving room for potential gains as the coin continues to gain traction.

Alexander Stefanov