The Latest Memecoin Backed by CZ !
Mubarak (MUBARAK), a new memecoin recently launched on the BNB Chain, has defied the current bearish trend by recording a daily price surge of nearly 300%. The token is currently trading around $0.126, with a market capitalization of around $120 million.
This surge could be partly attributed to Changpeng Zhao (CZ), the founder of Binance, who is rumored to have joined the memecoin. According to Lookonchain, he reportedly spent 1 BNB (about $600) to purchase MUBARAK and the same amount for TST (another meme crypto created by the BNB Chain team).
CZ’s involvement with these tokens is surprising, considering one of his statements in February. At that time, Binance had listed TST, and the founder had claimed to have no connection to that decision and to have never purchased a “memecoin.”
CZ is one of the most influential figures in the crypto space. His interaction with these assets could create significant excitement, even FOMO (Fear Of Missing Out) among other community members. However, inexperienced traders must bear in mind that such rallies are often short-lived and could be followed by a substantial correction.
How Far Can MUBARAK Go ?
Another factor likely fueling MUBARAK’s rally is the support from Binance Alpha, an initiative aimed at supporting the launch and development of innovative projects, including memecoins, by providing liquidity, visibility, and potential listings on exchanges.
Lookonchain revealed a case of a trader who spent less than $5,000 to buy 12.35 million MUBARAK tokens a few days ago. Shortly after, he sold 2.35 million coins for 125 BNB (about $74,000) and kept 10 million MUBARAK tokens.
From a technical standpoint, Mubarak doesn’t seem to be stopping yet, even though it shows some signs of losing momentum. Indeed, the 1H RSI is starting to falter. Moreover, the Chaikin Money Flow, which indicates the proportion of incoming flows, is struggling to rise. This confirms the profit-taking by early buyers. But more importantly, the decrease in new participants.
Despite this, the memecoin Mubarak could aim for $0.20 in the short term. But after that, caution is advised, and monitoring indicators like CMF and RSI is essential.
How to Buy MUBARAK Memecoin ?
The memecoin launched on Binance is already listed on exchange Bitget since March 17, 2025 (9:00 AM UTC). Here is a practical guide to acquire MUBARAK and benefit from its surge:
- Create a Bitget account : Visit Bitget’s official website and sign up with your email or phone number. Validate your registration via the code sent and activate two-factor authentication (2FA) to secure your account.
- Complete KYC verification : Submit an identity document and, if required, proof of address for KYC verification.
- Add funds : In the “Deposit” section, top up your wallet with cryptos (like USDT or BTC) or fiat currency (credit/debit card, wire transfer).
- Find the token on the platform : Go to “Spot Market” or “Trading”, search for “MUBARAK” in the search bar, and select the MUBARAK/USDT pair, available in the “Innovation and Meme Zone” on Bitget.
- Make the purchase : Choose a spot order for an instant purchase or a “limit” order to set a specific price. Enter the desired quantity of MUBARAK and confirm the purchase.
