Binance News: Mubarak Meme Coin Skyrockets 300% Following CZ’s Investment

In a remarkable turn of events, the Mubarak meme coin has seen a staggering 300% price surge, potentially due to an investment from Binance’s founder, Changpeng Zhao (CZ). Here’s a closer look at this intriguing development.

MUBARAK Meme Coin Soars 300% After CZ’s Involvement

The meme coin Mubarak (MUBARAK) has defied the ongoing market trend by registering a nearly 300% price increase on a daily scale. It currently trades at approximately $0.13, with a market capitalization of almost $120 million. The surge could be partially attributed to Binance’s founder, Changpeng Zhao (CZ), who supposedly spent 1 BNB (around $600) to buy MUBARAK. A savvy investor turned a huge profit after entering the ecosystem in its early days.

$2200 Worth Of SOL in 2020 Becomes $1 Million

Solana (SOL) has experienced numerous price fluctuations in its 5-year history. The cryptocurrency’s price fell to below $10 after the collapse of FTX in November 2022 but has since hit multiple all-time highs. SOL was at its lowest in May 2020 and reached an all-time high of $293.31 on Jan. 19, 2023. An investment of $2200 worth of SOL at its lowest point would have grown to over $1 million at its peak, representing a 46,226.17% increase. However, SOL has faced a significant price correction over the last month, falling by 56.4% from its January highs.