BNB Chain's USD1 Trading Competition Highlights Meme Coin Volatility

BNB Chain's USD1 trading competition has reached its sixth day, showcasing significant activity in the meme coin sector. According to BlockBeats, the meme coin 'Polar Bear 2026' topped the trading volume chart over the past 24 hours, with a market capitalization of $7.5 million and a current price of approximately $0.0075. The token experienced a 75% increase in the last 24 hours, peaking at $0.0082 before a notable decline. Additionally, the top three meme coins by market capitalization are EGL1, BIG DON, and CDL, each exceeding $25 million. The competition offers multiple incentives for the top three participants, with eligibility criteria focusing on USD1 trading pairs. These pairs include projects using USD1 as a base token on Four meme or those with active USD1 liquidity pools in other Four meme projects. BlockBeats cautions users about the high volatility of meme coin trading, which often relies on market sentiment and speculative concepts without tangible value or use cases. Investors are advised to be mindful of the associated risks.