Binance Coin (BNB) has surged beyond $700, restoring its place among the top five cryptos. This rise occurs as the BNB Chain causes retail FOMO and encourages whale buying of new tokens.
BNB's surge defies the broader crypto decline. Trading at the $710 level, it has a total valuation of more than $103B. Solana's fall below $200 cleared the path for BNB's rise. The BNB Smart Chain's recent success is due to increasing DEX activity. In the last 30 days, transaction volume totaled $1.12B. Upgrades have improved the chain's speed and efficiency, making it one of the busiest EVM-compatible chains.
The BNB Smart Chain sees a resurgence of meme tokens in February. The low fees of $0.01 make it perfect for quick trading. Improved protection against sandwich attacks has increased DEX usage. Whale wallets are flocking to the BNB Smart Chain in search of the latest meme token trends. Influencers publicly advocate new tokens such as Test Token (TST).
The Four.Meme platform promises to provide more liquidity for meme initiatives. It collaborates with ListaDAO and provides monetary support. The platform's Alpha Boost program selects potential meme initiatives to ensure long-term success. Increased demand for BNB in token pairs and bonding curves has spurred the price increase. As the ecosystem expands, BNB Smart Chain solidifies its status as a viable platform for memes, DeFi, and experimental trading.
