USD1 pair meme tokens are gaining popularity in BNB chains and dominate most of their trading activities. Between May 20th and 24th, these tokens account for almost 90% of all meme token transactions on the network.
According to On-Chain Data and TK research, Capitainbnb, TUT and CA were the most active in this move, drawing thousands of wallets and millions of volumes.
USD1: Stub coin behind the meme token surge
What analysts call the “USD1 Meme Boom,” and in the third week of May, USD1 pair meme coin activity increased in the BNB chain. TK Research’s tweet confirms that USD1-backed tokens comprise more than 50% of all MEME trading volumes since May 21st. By the end of the week, this share had risen to almost 90%.
This trend shows that USD1, part of the global liberty financial ecosystem, has become a ridiculous perfect for trading speculative meme assets in BNB chains. Price stability is stricter, trading depth has been improved, and now visibility via listing and integration, USD1 offers a more reliable trading base to meme tokens.
Capitainbnb, TUT, CA Top Volume Chart, attracts most of the new BNB Chain Meme Token Wallet
The surge in meme trading for USD1 pairs was driven by a wave of activity across multiple projects rather than being driven by a single token. However, Capitainbnb led the claims, recording a trading volume of $285 million in the past day. CA continued at $13 million, while TUT concluded the top three in volume and wallet growth.
These tokens saw not only the highest liquidity, but also the disproportionate share of wallet activity. For example, Capitainbnb has over 27,000 unique holders, followed by 18,924 TUTs and approximately 16,400 CAs. Collectively, these three tokens make up the majority of all wallets holding USD1 pair meme assets.
Related: Trump-linked USD1 stubcoin reaches $2.1 billion cap and reaches the Binance list of land
As more traders make profits, the higher the risk of profits
According to TK Research, most owners of the USD1 Meme token are currently in profit. Most traders fall into a profit range of $1 to $50, suggesting that many people have made small, early profits. However, 21% of profitable wallets earn more than $1,000.
This creates the conditions for short-term volatility as early investors may become profitable. Projects like CA, TUT, VIBT have over 54% of owners with profit holders, so if many decide to sell, it could lead to price increases.
Capitainbnb has posted some of the most balanced trader profitability statistics among his peers. Approximately 49.34% of the Decentralized Exchange (DEX) traders who traded Capitainbnb during the period made profits, while 50.66% suffered losses.
This near split is notable in the context of meme tokens. Meme tokens often show more distorted results due to rapid pumps and dumps.
Related: MEXC lists USD1 and accelerates global Stablecoin innovation with the world’s Liberty Financial
Meanwhile, Capitainbnb’s leads can be attributed to several factors, such as a recent list, a viral campaign, or focused community efforts.
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