MemeCore (M) jumped 85% in the past 24 hours, reaching $0.6588 and taking its market cap beyond $1.04 billion. The rally came right after Binance launched its Alpha BNB Smart Chain Trading Competition on July 10, which is already driving strong interest and pushing M’s price up.
The competition is straightforward: users can earn rewards by trading select tokens, including MemeCore (M), AIN, and three others.
As soon as the event went live, trading volumes exploded; M alone recorded a 98% jump in volume, crossing $146 million.
Historically, these kinds of exchange-led campaigns have triggered short-term rallies, and MemeCore seems to be following that same pattern.
But that’s not the only factor at play. The entire memecoin sector has been on fire since Bitcoin touched a new all-time high of $118,000. As BTC climbed 5.6%, memecoins like OMNI and HYPER rallied 175% and 88%, respectively. MemeCore, already up 840% over the last month, is clearly riding that same wave of retail hype.
With the Fear & Greed Index currently at 67, firmly in “Greed” territory, traders aren’t shying away from risk right now.
Adding to the momentum, MemeCore announced just an hour ago via Twitter that it has welcomed Klein Labs as a new strategic investor. Klein Labs is known as a regulation-first, alpha-driven market maker that focuses on creating long-term value across crypto ecosystems, beyond just providing liquidity. The partnership is seen as another step in building what MemeCore describes as a “culture-powered future.”
That said, whether this price jump sticks around will mainly depend on how long the Binance competition keeps drawing in traders and if Bitcoin manages to stay above the $118,000 mark.
There’s also some chatter about MemeCore eyeing an entry into the Korean market via a potential KOSDAQ acquisition. If that turns out to be true, it could easily be the next big catalyst in this rally.
For now, the mix of exchange-led incentives, market-wide memecoin excitement, and growing accessibility is giving MemeCore a serious push. Whether it holds or fades once the competition ends is something only time, and the charts, will tell.
Also Read: Hyperlane Token Soars 300%: What’s Driving HYPER’s Rally?
