USD1-paired meme tokens have surged in popularity on the BNB Chain, dominating the bulk of their trading activity. Between May 20 and 24, these tokens have accounted for nearly 90% of all meme token trading volume on the network.
According to on-chain data and TK Research, CapitainBNB, TUT, and CA were the most active in this movement, drawing thousands of wallets and millions in volume.
USD1: The Stablecoin Behind the Meme Token Surge
In what analysts call the “USD1 Meme Boom,” the third week of May saw a rise in USD1-paired meme coin activity on BNB Chain. A tweet by TK Research confirms that starting May 21, USD1-backed tokens made up more than 50% of all meme trading volume. By the end of the week, this share had risen to almost 90%.
This trend shows how USD1, part of the World Liberty Financial ecosystem, is fast becoming the stablecoin of choice for speculative meme assets trading on the BNB Chain. With tighter price stability, improved trading depth, and now, greater visibility via listings and integrations, USD1 provides meme tokens with a more reliable trading base.
CapitainBNB, TUT, CA Top Volume Charts, Attract Bulk of New BNB Chain Meme Token Wallets
The surge in USD1-paired meme trading was not driven by a single token, but by a wave of activity across multiple projects. However, CapitainBNB led the charge, logging $285 million in trading volume in the past day. CA followed with $13 million, while TUT rounded out the top three in volume and wallet growth.
These tokens saw not only the highest liquidity but also a disproportionate share of wallet activity. CapitainBNB, for example, has more than 27,000 unique holders, followed by TUT with 18,924, and CA with roughly 16,400. Collectively, these three tokens account for the majority of all wallets holding USD1-paired meme assets.
Related: Trump-Linked USD1 Stablecoin Reaches $2.1 Billion Cap, Lands Binance Listing
Profit-Taking Risk Increases as More Traders Sit on Gains
Most holders of USD1 meme tokens are now in profit, according to TK Research. Most traders fall into the $1 to $50 profit range, suggesting many made small early gains. However, 21% of profitable wallets have gained more than $1,000.
This creates conditions for short-term volatility as early investors may begin to take profits. Projects like CA, TUT, and VIBT have more than 54% of holders in profit, which may lead to price pullbacks if many decide to sell.
CapitainBNB posted some of the most balanced trader profitability stats among its peers. Approximately 49.34% of decentralized exchange (DEX) traders who traded CapitainBNB during the period made a profit, while 50.66% incurred losses.
This near-even split is notable in the context of meme tokens, which often exhibit more skewed outcomes due to rapid pumps and dumps.
Related: MEXC Lists USD1, Accelerating Global Stablecoin Innovation with World Liberty Financial
Meanwhile, CapitainBNB’s lead could be attributed to several factors, including recent listings, viral campaigns, or a focused community effort.
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