The BNB Chain's "USD 1 Trading Competition" concluded on January 25, though the results are yet to be announced. Currently, the top three tokens by market capitalization are established meme coins: EGLD, CDL, and Liberty. Notably, EGLD and Liberty had participated in a similar competition last year. Emerging meme coins have shown varied performances, with previously popular tokens like "BIG DON" and "1" seeing their market values fall below $5 million. In contrast, "memes" and "An" have maintained market values of approximately $12.5 million and $10 million, respectively, ranking fourth and fifth. However, "An" has declined by about 80% from its peak. The competition, which closed at 8:00 AM Beijing Time on January 25, will reward the top three participants with multiple incentives, though specific criteria remain undisclosed. BlockBeats cautions that meme coins are subject to high volatility, driven by market sentiment and hype, lacking intrinsic value or use cases, posing significant risks to investors.