- MUBARAK meme coin climbs over 300% post-listing on Binance Alpha, hitting $0.2158 before retracing to $0.1861.
- Binance founder CZ’s $600 MUBARAK purchase on March 16 fuels speculation, contradicting his stance on meme coins.
The meme coin Mubarak (MUBARAK) has been making headlines after a significant 250% price surge, fueled by speculation and a key purchase by Binance founder Changpeng Zhao (CZ). After being launched on March 14, 2025, on the BSC Chain’s Four.Meme platform, Mubarak has quickly gained traction among traders and investors.
Since then the meme coin continues to hit new all-time highs, with the latest peak recorded today at $0.2158, marking a 40% increase in the past 24 hours before retracing slightly. At the time of writing, MUBARAK priced at $0.1918 with a market cap of $186.36 million. Additionally the token daily trading volume soared over 236% to $481.53 million.
CZ’s Purchase Sparks Market Excitement
On March 16, 2025, blockchain analytics firm Lookonchain reported that CZ had purchased MUBARAK tokens worth 1 BNB ($600) through PancakeSwap, a major decentralized exchange on the BNB Chain. From this transaction, 20,150 MUBARAK tokens were acquired, triggering speculation about CZ’s involvement. His purchases contradicted his earlier statement that he was not actively investing in meme coins, adding to the hype surrounding Mubarak.
Additionally, the listing of MUBARAK on Binance Alpha on March 16th has provided significant liquidity, contributing to a 300% price increase. The coin’s launch on Four.Meme, a platform dedicated to meme tokens, also fueled interest, especially after CZ acknowledged a post referencing Mubarak.
Further, on March 17th a trader made headlines after turning $232 into over $1.1 million on Mubarak—an 4,860x return. He initially spent 0.4 BNB ($232) to purchase 10.5 million MUBARAK and later sold a portion for 576 BNB ($363.5K). Currently, he holds 5.16 million MUBARAK across three wallets, valued at $764K. This remarkable profit highlights the speculative nature of meme coins.
MUBARAK Price Analysis: Key Levels and Market Trends
Key technical indicators suggest that Mubarak is currently in a bullish phase:
- Support Level: $0.1650
- Resistance Level: $0.2100
- Relative Strength Index (RSI): 72 (indicating overbought conditions)
The coin’s momentum could continue if trading volumes remain high and broader market sentiment stays positive. However, with RSI in overbought territory, short-term corrections may occur before further upward movement.
With listings on major exchanges like Binance Alpha and Bitget, Mubarak is gaining liquidity and accessibility. If the coin maintains its hype and CZ’s endorsement sustains investor interest, its upward trend could persist. However, as with all meme coins, extreme volatility remains a factor.
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