BNB Chain's recent meme coin promotion on December 23 led to significant trading activity among large investors and MEV wallets. The promotion, which included a tweet featuring CZ's image, resulted in 22 whale addresses and 314 MEV wallets executing bundled trades. One meme token saw its value briefly surge to $200,000 before plummeting to $13,000 after the promotional post was removed. Chainthink has cautioned investors about the high volatility and lack of intrinsic value associated with the meme coin trend.
BNB Chain Meme Coin Promotion Triggers Whale and MEV Activity
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