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Sui Sui (SUI) $3.46 ↓ -5.48%
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Mantle Mantle (MNT) $1.35 ↓ -2.99%
Aave Aave (AAVE) $288.03 ↓ -0.01%
Pepe Pepe (PEPE) $0.00 ↓ -3.93%
Ethena Ethena (ENA) $0.64 ↓ -3.72%
Bittensor Bittensor (TAO) $345.11 ↓ -3.08%
Ethereum Classic Ethereum Classic (ETC) $20.82 ↓ -3.02%
NEAR Protocol NEAR Protocol (NEAR) $2.46 ↓ -3.22%
Aptos Aptos (APT) $4.35 ↓ -3.35%
Ondo Ondo (ONDO) $0.93 ↓ -3.19%
OKB OKB (OKB) $132.03 ↑ 3.10%
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Arbitrum Arbitrum (ARB) $0.49 ↓ -3.50%
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Kaspa Kaspa (KAS) $0.08 ↓ -3.41%
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Algorand Algorand (ALGO) $0.24 ↓ -3.50%
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Cosmos Cosmos (ATOM) $4.36 ↓ -1.88%
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Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -7.62%
Render Render (RENDER) $3.58 ↓ -3.95%
Sei Sei (SEI) $0.30 ↓ -7.58%
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Worldcoin Worldcoin (WLD) $0.92 ↓ -2.51%
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Flare Flare (FLR) $0.02 ↓ -1.12%
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Home Cryptocurrency

CZ’s Surprise Move: Meme Coin Investment Sparks Market Surge

David Moore by David Moore
17 March 2025
in Cryptocurrency, News
Reading Time: 2 mins read
0
cryptocurrency market scene showcasing Changpeng Zhao CZ making his first meme coin investment. The image features a glowin

Binance founder and former CEO Changpeng Zhao (CZ) has once again made waves in the crypto industry, this time by investing in meme coins. His recent purchase of Mubarak (MUBARAK) and TST, worth approximately $1,200, has led to a surge in interest and value, with MUBARAK skyrocketing by 300% following his involvement.

Qubetics is 728x90 1 3

Table of Contents

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  • CZ’s Meme Coin Investment Draws Attention
    • YOU MAY BE INTERESTED
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    • Brazil Bitcoin Reserve: Congress Sets First Hearing on $19B Plan
  • Mubarak (MUBARAK): A Rising Star in the Meme Coin Market?

CZ’s Meme Coin Investment Draws Attention

On March 16, blockchain analytics platform Lookonchain revealed CZ’s latest investment in an X post. The data shows that CZ purchased around $600 worth of both Mubarak and TST on the BNB Chain, each for 1 BNB. Despite being a relatively small investment, the market reaction was immediate, highlighting CZ’s influential presence in the crypto space.

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CZ’s involvement often acts as a catalyst for new projects, particularly low-cap tokens. Given his status in the industry, his participation in a project attracts significant investor attention, leading to rapid price fluctuations.

Mubarak (MUBARAK): A Rising Star in the Meme Coin Market?

Mubarak (MUBARAK) is a newly launched meme coin on the BNB Chain that has gained rapid traction. With a staggering 300% increase in value within a single day, the token has drawn considerable interest from investors. Currently trading at $0.128, MUBARAK’s rise appears to be closely tied to CZ’s investment.

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This sudden surge underscores the speculative nature of meme coins. Even minor investments from key industry figures can significantly influence market sentiment. Investors are closely monitoring such moves, as they often lead to short-term trading opportunities driven by hype.

cryptocurrency market scene showcasing Changpeng Zhao CZ making his first meme coin investment. The image features a glowin

Another crucial factor behind MUBARAK’s rise is the support from Binance Alpha, a platform designed to promote innovative projects. Binance Alpha provides liquidity, visibility, and potential listing opportunities for emerging tokens, including meme coins.

With MUBARAK in its pre-listing phase, Binance Alpha’s backing has propelled it into the spotlight. The increased visibility and potential for future exchange listings have fueled investor excitement. This case highlights how institutional support can play a vital role in shaping the trajectory of meme coin projects.

As the market reacts to these developments, Turkish NY Radio will continue to provide insights into the evolving crypto landscape and emerging trends shaping the industry.

Tags: BinanceCZmeme coinMubarakTurkish NY Radio
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David Moore

David Moore

I am a writer/editor and aspiring author with a high level of editing, writing, communication, leadership and research skills. I possess the proven ability to copy edit, write, fact check, format, calculate and verify numbers/percentages, interview people, perform research, teach and produce something meaningful from scratch. I've worked in various industries and in a number of team environments, including in support roles. In addition to my identity as a financier, I have had the opportunity to write editorial in other sectors throughout my life. Without saying no to these demands, I tried to expand my range and go beyond the field of finance. I have experience editing academic course material, financial services/investment copy, valuation/appraisal content, packaging/caution language and marketing/promotional material. I was on the basketball team when I was in college, but after I got injured, I continued to support the coach and my teammates. I learned leadership skills and continued to coach basketball teams. I've managed young people, and excelled in a number of office cultures. I’m currently working as a Financial Editor for different digital news channels, with contents about personal finance management and cryptocurrencies. economy

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