Binance News: MUBARAK Coin Skyrockets 200% Following Binance Alpha Listing and CZ’s Transaction

In a remarkable display of market enthusiasm, the price of MUBARAK Coin has surged by an astonishing 200% following its listing on Binance Alpha and a significant transaction involving Binance’s former CEO, Changpeng Zhao (CZ). Here’s a closer look at what’s driving this exciting rally.

MUBARAK Coin Rallies 200% After Binance Alpha Listing And CZ’s Transaction

The recent price surge of MUBARAK is largely attributed to Binance and its former CEO, Changpeng Zhao (CZ). CZ exchanged 1 BNB for 20,150 MUBARAK, valued at $600 at the time. This event, combined with the token’s listing on Binance Alpha, ignited an exceptional rally. Binance Alpha’s listing is crucial as coins that make it to this platform are often more likely to be listed on Binance’s main exchange, driving trader interest.

Binance’s Four.meme Launch Platform Attacked

Binance’s Four.meme launch platform was attacked by hackers who managed to extract liquidity from newly launched meme tokens. The hackers bypassed the listing mechanism to create trading pairs for tokens not yet graduated from their bonding curve and drained liquidity from unofficial DEX listings on PancakeSwap. The attack happened during the most active trading hours on the Asian market. Binance suspended the launch of new tokens and announced compensation for affected users.