In the past few months, the crypto market has been boring and filled with several downturns. Despite the promises of the spot Bitcoin ETFs, BTC has continued to depreciate heavily, moving down to the $60k region. However, a new memecoin has emerged, with promises of replicating the success of popular memecoins like Dogecoin and PEPE. The Panda-themed memecoin Biaoqing recently had an increase in its market cap to $20 million. Below, we will explore the origin of the memecoin and its recent exploits.
Overview of Panda-Themed Memecoin Biaoqing
The Panda-Themed Biaoqing is a new memecoin that is taking the crypto market by storm. According to their official website, they made it known that it is a joke token and has no utility in mind. They even advised their community members to invest what they could afford to lose. The token was created after the Biaoqing Panda, and it is said to be a more popular Asian meme.
It has already begun trading on Uniswap and OKX decentralized crypto exchanges. More information on their website shows that the token is not available for those staying in the United States. It is available on the Ethereum network, and its acclaimed partners include CryptoMiners and Kenzo Labs.
Biaoqing to Replicate PEPE’s Success
No Asian meme has gotten so much traction within the memecoin sector of the crypto industry. However, BIAO wants to be a game changer in this regard, as the project is based on the famous Asian meme BiaoQing, a panda with human facial expressions. Apparently, it wants to be an equivalent of the PEPE meme of Western societies.
It went very viral after an article was published on Nasdaq, calling it one of the “new and exciting cryptos” to buy in the recent crypto market. In summary, the author said, “Indeed, there’s a good chance this Asian meme coin could be one of the top names as more Asian crypto investors flock to the blockchain.” Immediately after the publication of this article, Biaoqing increased by more than 44%, according to a tweet from Whale Insider.
Massive 20% Increase in 24 Hours for Biaoqing Token
Despite the market downturn for Bitcoin, Ethereum, and other major cryptocurrencies, Biaoqing is among the few memecoins keeping the candle burning. On the last day of June, the memecoin increased by an astonishing 20%, with the market valuation increasing to over $20 million. Subsequently, this took the monthly gains of this token to over 192%. At press time, the self-reported supply of this token stands at 1 billion, the market valuation at $16.4 million, and the trading volume at over $4.6 million.
Conclusion
Biaoqing is a new memecoin that is based on the popular Asian meme BiaoQing, a panda with human facial expressions. It is already taking the crypto market by surprise after increasing by more than 192% within 30 days. Moreover, its fame started after an article published on Nasdaq called it one of the most “exciting” tokens to invest in. With a supply of 1,000,000,000, BIAO will look forward to replicating the success of the PEPE meme of the Western world. However, only time will tell if this is possible or not.
Cover Image source from Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
