MUBARAK’s Once-Sparkling Hype Takes a Nosedive, And It’s Almost Back to Where It Started

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Ah, the fleeting beauty of a memecoin’s rise — and fall. Mubarak’s post-listing rally, like a lover’s promise, has come to a rather abrupt and anticlimactic halt, leaving us all in awe of its elegant return to the humble origins of its launch price. How charming.

Once the toast of the crypto world, MUBARAK (the memecoin of choice for the thrill-seeking investor) has plunged a staggering 40% in the last 24 hours, bringing its value to a rather uninspiring $0.08. It seems that even CZ’s fleeting embrace could not save this digital darling from its inevitable fate, as reported by CoinMarketcap. I do declare, the drama of it all!

Launched on March 13 on the Four.meme platform on Binance Smart Chain, this coin certainly had its moment. A brief, heady flirtation with glory followed CZ’s purchase of 20,150 MUBARAK for 1 BNB, a sum valued at $600 at the time, on March 16. This little dalliance propelled the price from a modest $0.07 to a not-too-shabby $0.17 by March 17, like a champagne bubble rising just before it pops. Oh, how it sparkled! And then, by March 18, it hit an all-time high of $0.21 — still buoyed by the whispers of Zhao’s support. Naturally, he downplayed his influence, as the true patron of memecoin romance always does.

CZ(@cz_binance) spent 1 $BNB($600) to buy $mubarak and 1 $BNB ($600) to buy $TST 30 mins ago.

— Lookonchain (@lookonchain) March 16, 2025

But alas, dear reader, what goes up must eventually descend into the cryptosphere abyss. On March 20, Binance bestowed its blessing upon MUBARAK, announcing it as part of the first batch of tokens in its “Vote to List” campaign. Alas, the coin could not seize the moment, instead closing lower on that day — how anticlimactic! It opened at $0.1361 and ended at $0.1287. Who could have predicted such a misstep? Perhaps a few of us, as we watched the fervor fade like the last echoes of a forgotten opera.

And yet, a brief revival occurred on March 23, when Zhao, in a moment of whimsy, longed MUBARAK perpetuals on APX Finance. Using a mere 0.04 BNB as collateral, the price rose from $0.12 to $0.15, like a momentary flicker of hope before it was snuffed out by the cold hand of reality. It was, as it were, a brief and rather forgettable affair.

Now, alas, MUBARAK is back where it began, trading at a mere $0.08. A 60% decline from its high of $0.21, and practically at its launch price of $0.07. One can almost hear the echo of a broken promise in the silence. But, as always, the crypto world moves on, leaving behind only the faintest traces of what could have been. Such is the nature of this market, always so full of fleeting excitement, dashed hopes, and — dare I say it? — delicious drama.

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2025-03-28 16:32