USD1-paired meme coins, particularly from the BUILDon meme project on the BNB chain, have surged in popularity with over 50% of total meme coin trading volume on BNB dominated by these tokens.
BUILDon, accounting for over 90% of daily trading volume and 28.4% of all meme coin holders, has led to significant profits for early investors amidst the recent hype in the market.
Profit-taking activities may lead to short-term price corrections, posing risks for current holders and traders as many traders are sitting on profitable positions.
The stablecoin USD1 introduced by Trump-backed World Liberty Financial has seen rapid growth, with a market cap of $2.15 billion, making it the fifth-largest dollar-pegged token and gaining traction in the crypto market.