BlockBeats News, January 15, according to... GMGN Monitoring It is shown that, due to the BNB Chain's launch of the "USD1 Trading Competition," two USD1 pool meme coins with billion-level market capitalizations have recently emerged. The community generally believes that the winning project will be listed on top-tier exchanges, and this activity has already attracted a large amount of capital into related token pools. Among them, "An" and "BIG DON" have stood out, but there are doubts about the legitimacy of the buying capital.
"An": The token started rising two days before the event announcement, with its market cap briefly exceeding $30 million. This morning, it surged again, with the current market cap temporarily reaching $45.2 million. The current price is approximately $0.045, representing a 24-hour increase of about 16%. This may be due to the operator(s) distributing purchases across multiple wallets. The top 100 holders currently account for only 11.1% of the total supply, whereas for most on-chain Meme coins, the top 100 holders typically hold more than 50%.
"**BIG DON**": Opened trading today and quickly surged, with over 90 suspiciously linked addresses buying simultaneously within about 10 minutes. This drove the market cap to rapidly break through $34 million, currently temporarily reporting at $39.9 million, with a current price of approximately $0.0398. The top 100 holders collectively own only about 7% of the total supply. Notably, during a minor market cap pullback, multiple suspected affiliated wallets made concentrated purchases in several phases this morning at 6:05 AM, 7:05 AM, and 11:00 AM.
X platform analysts pointed out that the manipulators behind these two Meme coins might belong to the same organization as the previous WLFI project. In addition, on-chain data shows that a certain wallet has been transferring tokens via CiaoSwap (a batch distribution tool) and then conducting concentrated purchases. Some associated wallet addresses on the BSC chain include:
0xD8b54De07e0eaDc00B760B352AeA59A13d385cbc;
0x6eFFa72a258907399d8DCe258232001A3FA609b9;
BlockBeats reminds users that Meme coins experience significant trading volatility, largely relying on market sentiment and concept hype, without actual value or use cases. Investors should be aware of the risks.