Join Our Telegram channel to stay up to date on breaking news coverage
The BNB price dropped almost 3% in the last 24 hours to trade at $618.07 as of 12:00 a.m. EST on trading volume that plunged 17% to $1.3 billion.
This comes as the BNB Chain-based meme coin launch platform Four.Meme resumed operations after being hit with a sandwich attack that exploited it for around $120,000.
According to Four.Meme, its launch function was back after inspecting and addressing a security issue.
🚨 Update from https://t.co/IRnIR1BwDd 🚨
The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security.
Compensation for affected users is underway. If you haven’t submitted your claim yet, please… https://t.co/CV7JlmJC5V
— Four.Meme (@four_meme_) March 18, 2025
Binance Coin Price Breakout Signals Further Upside Potential
The BNB price has recently broken out of a falling wedge pattern, which is a bullish reversal pattern. This breakout has led to a strong upward move, allowing the Binance Coin price to reclaim the $600+ zone.
Currently, the price of BNB is testing the 200 Simple Moving Average (SMA) on the 4-hour chart at $614, which serves as an important support level.
The 50 SMA at $592.68 is sloping upwards, indicating a short-term bullish trend, according to GeckoTerminal data.
The Relative Strength Index (RSI) is at 52.69, suggesting neutral momentum. This means there is still room for BNB to climb higher without being overbought.
A break and close above $615 – $620 would likely send BNB towards the next key resistance at $675 – $700.
If rejected at the 200 SMA, the price of Binance Coin may retrace towards the $590 – $600 support zone before another attempt to push higher.
As the BNB price plunges, investors are shifting focus to a new meme coin called Meme Index (MEMEX).
According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Presale Crosses The $4 Million Mark
Meme Index, a new meme coin, has successfully raised $4.09 million in its presale, demonstrating strong investor confidence.
With just 12 days remaining until its launch, early adopters are rushing to secure their holdings before MEMEX debuts on major decentralized exchanges (DEXs) and centralized exchanges (CEXs) in early April.
Meme Index is transforming meme coin investing with an investment fund-like approach to diversification.
Its curated indexes, or funds, are Meme Titan, Moonshot, Midcap, and Meme Frenzy. Each caters to different risk levels, with Meme Titan offering relatively safer options, while Meme Frenzy represents the highest-risk category.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
Investors can gain exposure to multiple meme assets with a single transaction, simplifying portfolio diversification and reducing the complexity of managing multiple tokens.
MEMEX holders also have a voice in governance, voting on which new meme coins should be included in each index.
This feature gives investors direct influence over the asset composition, ensuring that the indexes adapt to market trends.
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 558%.
You can purchase MEMEX tokens on the official website for just $0.0166883 to participate in the presale.
Related News:
- Canary Capital Files Proposal For SUI ETF With The SEC
- RAY Surges 13%, But Investors Flock To This Solana Layer-2 Presale
- NEI Pumps 9%, But Experts Say Consider This $7.4M AI Pepe
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
