BNB Hits a New All-Time High As CZ-Linked Tokens Take Off

BNB reached a new all-time high today, as several BSC meme coins rose dramatically in the last few hours. All the largest gains came from tokens linked to Changpeng “CZ” Zhao.

These tokens had differing gains, but they share a common origin and lift each other up. Together, they help build an organic meme coin community, which is a crucial advantage for any blockchain in that sector.

Meme Coins Boost BNB

Some analysts have recently theorized that BSC (BNB Smart Chain) could overtake Solana in the meme coin sector. Today, BNB’s price spiked to reach a new all-time high, fueling bullish sentiment.

It seems like several BSC meme coins helped fuel this rise, as several prominent tokens all rose today:

Specifically, three BNB toks, GIGGLE, FOUR, and Aster all posted huge price jumps in the last few days. Moreover, all these tokens bear a direct connection to CZ, the former CEO of Binance.

This common relationship can help explain how the blockchain’s organic meme community spurs runaway growth.

CZ Connections Explained

GIGGLE is based on Giggle Academy, an education initiative that CZ launched himself. Although it doesn’t look like CZ has directly posted about the platform in a few days, his public association still serves as the token’s origin and bedrock of support.

FOUR, another BNB meme coin, has a similar backstory. Before CZ’s dog Broccoli caused a flurry of meme tokens based on the dog’s name, there was a race to guess the dog’s name.

Four.meme, a BSC meme coin launchpad, hosted a contest to anticipate this name, offering to add prominence to any asset that guessed correctly. This brought FOUR itself into the limelight.

Aster is a relatively new token on the BSC network, but CZ’s open affection for the phas brought it a lot of notoriety. He claimed that the decentralized perpetuals exchange was a solid project, allowing it to briefly overtake Hyperliquid.

However, this prominence did not last, as critics disparaged the project’s fundamentals and long-term relevance.

This may explain why Aster posted the most modest gains of these leading assets. BNB is still surging, and all its leading meme coins are surging too, but Aster had the slowest increase.

Whereas GIGGLE and FOUR rose 90% and 80% in the last 24 hours, respectively, Aster did not see a dramatic spike upwards.

Nonetheless, this data is very instructive. Binance is the most popular exchange in the world, after all. Even if it has distanced its branding from BNB, there’s still a bone-deep connection, and BSC meme coins can benefit from this.

The ecosystem has an engaged and dedicated meme coin community, which is a critical component of long-term growth.