Born 3 days and the market value exceeded 150 million USD, what does the launch of "Binance Life" on Binance Alpha mean?

CN
2 hours ago

Original | Odaily Planet Daily (@OdailyChina)

Author | Golem (@web 3golem)_

The market does not want people in the crypto world to have a peaceful National Day holiday. The U.S. government shutdown and Bitcoin reaching new highs may not make you feel like you've missed out on anything, but if you missed the Mid-Autumn Festival explosion of Meme coins on the BSC chain, that would indeed cause anxiety.

At CZ's call, three popular Meme coins have emerged on the BSC chain in recent days: Binance Life, PALU, and 4.

The Meme coin 4, deployed on October 1, currently has the highest market cap at $250 million; PALU, which has been repeatedly shared by Binance and CZ as a community mascot, saw its market cap surge from about $3 million to $60 million after unexpectedly launching on Binance Alpha on October 7, with a 2000% increase in just one hour.

However, in terms of popularity and attention, Binance Life currently has the greatest influence. This Meme is derived from the Douyin (TikTok) banned internet celebrity Hu Chenfeng's "Apple vs. Android" theory, comparing Binance to the "Apple" of the crypto world, creating the community catchphrase "Drive a Binance car, live in a Binance community, enjoy a Binance life."

On October 7 at 18:00, Binance Life successfully launched on Binance Alpha, becoming the first Chinese Meme to go live on Binance Alpha and the highest market cap Chinese Meme coin in history, with its market cap skyrocketing from $0 to a peak of $150 million in just three days. With the launch of Binance Life on Binance Alpha, Chinese Meme coins in the format of "Binance + xx" have completely flourished on-chain, including Binance employees, Binance teams, Binance bulls, Binance models, Binance communities, Binance thinking, Binance era, Binance spirit…

The current influence and achievements of Binance Life, aside from the "ambiguous interactions" between CZ and He Yi, are also greatly attributed to the on-chain leaders.

On-chain leaders gather again, floating profits exceed $6 million

In the world of Memes, the influence of on-chain leaders is immense. On one hand, they can genuinely bring in huge buying power; on the other hand, their influence helps Meme coins gain wider dissemination. However, due to the evolution and maturation of the Meme gaming market, many on-chain big players from the TRUMP era have either abandoned or significantly reduced their public on-chain operations. Yet, "Binance Life" has uniquely seen a gathering of major Chinese on-chain players, including 0xSun, Lengjing, Wang Xiaoer, Shen Da Gaocai Sheng, and Laser Cat.

According to GMGN data, Lengjing bought a total of $75,000, holding 1.23%, currently with floating profits exceeding $1.65 million, with no sales; Wang Xiaoer bought a total of $171,000, holding 1.19%, currently with floating profits exceeding $1.54 million, with no sales; Shen Da Gaocai Sheng bought a total of $1,920, holding 1.13%, currently with floating profits exceeding $1.53 million, with no sales; 0xSun bought a total of $251,600, holding 0.39%, currently with floating profits exceeding $300,000, with no sales.

As shown in the above image, the top five leaders currently have a total floating profit exceeding $6 million. However, players who haven't made as much profit need not worry too much, as the on-chain liquidity is only around $500, and floating profits can only remain as such for now. The vibrant scene on-chain makes one feel as if they are back in the Meme bull market earlier this year, where the main character was Solana, but now it has shifted to Binance and BSC.

Binance Life ignites the Chinese Meme craze

Chinese Meme coins are not new to explosive popularity; there have been several rounds of Chinese Meme crazes on the Solana chain before, including Spring Festival mascots, the movie IP of Nezha, and the IP of Black Myth: Wukong, but these Chinese Memes had very short lifespans and low ceilings. Besides having a narrow narrative, another important reason is that most investors believe that Chinese Memes are almost impossible to gain greater liquidity on CEX.

The "Binance Life" meme is closely linked to Binance, and with continuous replies and engagement from CZ and He Yi, some firm believers think that its chances of launching on Binance Alpha are very high. The final result was as expected, with Binance Alpha launching "Binance Life," its market cap surpassing $100 million, and more importantly, it broke the stereotype among most investors that Binance would not or could not launch Chinese Memes.

Thus, as the first Chinese Meme coin to launch on the Binance platform, "Binance Life" successfully opened the ceiling for Chinese Meme coins, sparking a thorough and global Chinese Meme craze on BSC. The community also joked that in the past, Chinese people could only buy foreign "garbage," but now they want to make them take on Chinese Meme coins.

The enormous wealth effect of "Binance Life" has made overseas Meme communities drool, eager to integrate into the Chinese community, with well-known overseas KOL Ansem also posting to seek entry into the BSC Chinese community.

Some savvy overseas investors and Meme players have finally thought of monitoring the wallets of Chinese on-chain leaders, inquiring on Twitter.

Foreigners asking for the wallet addresses of Chinese KOLs

In recent days, the crypto world has made outstanding contributions to spreading Chinese culture and the influence of the Chinese language…

Standing at the center of the bull market is Binance

It cannot be denied that in 2025, Binance stands at the center of the bull market. The earlier one realizes this and follows the steps of CZ and He Yi, the sooner they may make money. The world's largest crypto liquidity hub, the unparalleled strength of its founder's crypto IP, excellent product and market operations, positive benefits, and attention to community trends are factors that allow Binance to thrive in this bull market, achieving significant results in the wallet market, L1, and Prep DEX.

Binance Wallet was launched at the end of last year and faced much controversy at its inception. However, since the launch of Binance Alpha, Binance Wallet has now secured the top position in terms of trading volume and user activity, capturing 90% of the crypto wallet market according to Dune data.

Under the leadership of Binance founder CZ, BSC has also flourished this year, especially in the Meme coin sector. Solana's competitor is not Ethereum but BSC, which is the highest praise for CZ and BSC. According to DeFiLlama data, the 24-hour DEX trading volume on the BSC chain surpassed Solana, reaching $4.141 billion, becoming the number one in the entire network, while the 24-hour fees on the BSC chain also surpassed Tron, reaching $2.48 million, firmly holding the top position in the entire network.

In the Prep DEX sector, Aster, which has been heavily supported and given high expectations by CZ, has directly created a wave of Prep DEX market, with Aster's platform trading volume and revenue once surpassing Hyperliquid, becoming the leader in Prep DEX.

It is precisely because of Binance's continued success and the strengthening of its reputation and brand power that the community has taken Hu Chenfeng's "Apple vs. Android" meme and played it on Binance (Note: "Apple vs. Android" refers to the blogger categorizing all excellent, elite, and superior things as Apple, while inferior, cheap, and bad things are categorized as Android).

However, just as Hu Chenfeng faced backlash after his explosive rise, Binance's influence is gradually becoming "overbearing." Meme coins and projects with obvious Binance labels and symbols may receive resource tilt, but in the end, this could lead to a backlash. A few years ago, the Ethereum ecosystem collectively "to V God" for entrepreneurship, which appeared prosperous on the surface but ultimately left Ethereum in disarray; now the entire crypto world seems to have a trend of "to Binance/CZ" entrepreneurship. Will Binance ultimately face a similar backlash? And when that happens, how will Binance navigate?

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