Mubarak coin has rapidly gained momentum, soaring 22% amid growing speculation over Binance founder Changpeng Zhao’s (CZ) involvement and the exchange’s decision to list a perpetual contract for the token. CZ’s cryptic remarks, hinting at an association with the coin, have fueled excitement across the meme coin market, further amplifying investor interest.
Binance officially announced the launch of a MUBARAKUSDT perpetual contract on its futures platform, allowing up to 25x leverage. The listing, which went live at 13:30 UTC on March 17, has spurred a wave of bullish sentiment, with traders flocking to capitalize on the token’s newfound exposure. CoinMarketCap data even suggests that CZ subtly acknowledged being linked to the coin, further intensifying speculation.
Adding to the market frenzy, reports indicate that CZ purchased $600 worth of MUBARAK, a move that heightened discussions about his potential influence over the token. As a result, trading activity around Mubarak coin has skyrocketed, with its intraday volume jumping 120% to $165.45 million. The price surged to an intraday peak of $0.1458 before stabilizing at $0.09902 at press time.
Binance’s support for Mubarak coin extends beyond the futures listing. A previous announcement on Binance Alpha, the exchange’s research and market analysis platform, hinted at the potential for further listings, driving additional investor optimism. Traders now anticipate continued price action as Binance’s backing solidifies the coin’s position in the broader crypto market.
Beyond Mubarak coin, Binance also introduced a Bubblemap (BMTUSDT) perpetual contract, triggering a 43% price rally for the asset to $0.1289. As meme coin hype continues to dominate market narratives, Mubarak coin remains at the center of attention, with speculation about further Binance support keeping investors on high alert.
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