MUBARAK Memecoin Crashes from Its $0.21 ATH to $0.068 Post-Binance Listing — Even CZ’s Buy-In Couldn’t Stop the Drop

The MUBARAK meme coin, which experienced a price surge in the last weeks, has almost lost all of its gains. Since the Binance listing, the MUBARAK price decreased by 50%, going from $0.13 to $0.068. Part of the gains of this coin were also caused by the former Binance CEO Changpeng Zhao, or CZ. As such, this fast drop in investor interest despite support from influential figures has caused doubts about the future of memcoins.

MUBARAK’s Wild Ride: From Meme Coin Hype to 67% Crash

This meme coin was first listed on four meme coin platforms hosted by Binance Smart Chain. Its rise started on March 16 when Zhao bought almost $600 worth of it, which translated to 20,150 MUBARAK. This caused a surge in the price of MUBARAK as it climbed from $0.07 to $0.17. It also reached its all-time high of $0.2112 on March 18, and its price has declined  67.8% since then. 

MUBARAK price decrease continued since it hit its ATH, as it did not capitalise on a bullish event. Binance put MUBARAK as one of the votes to list cryptocurrencies on March 20. Despite this bullish development, the coin continued its fall, going from $0.1361 to $0.1287. March 23 marked a ray of hope for the token as Zhao put a long position on MUBARAK perpetuals. This meme coin saw a price surge from $0.12 to $0.15. This was despite the fact that CZ had only spent 0.04 BNB on this position to test MEV issues.

MUBARAK Crash: Wake-Up Call for Centralized Exchanges?

Such a sharp fall in the value of the MUBARAK meme coin has reignited the debate about the token listings on CEXs. Some believe that listing memecoins like MUBARAK and BROCCOLI damages the industry and destroys the importance of listings. The lack of post-listening interest in meme coins like MUBARAK can support this argument. However, two other meme coins, which were recently voted to be listed on Binance, BROCCOLI and Tutorial, have surged in value. There is also the possibility of a scam and pump and dump, as some community members on X point out.

Hey @mubarak_cto team 🚨
With community you won the vote and now you are dumping despite #binance listing.
Don’t forget #Binance never forgets such manipulation. pic.twitter.com/tavsXlaK8O

— Alpha Whale Crypto (@AlphaWhale_) March 28, 2025

Another critique directed towards such meme coin listings is that they are cluttering the crypto space. As meme coins dominate the market, news of high-potential and utility-based crypto projects might go unnoticed. This current meme coin frenzy will damage the DeFi space and also destroy the reputation and legitimacy of this sector. However, there are some meme coin platforms like Pump.fun which have been trying to make this space more stable. This platform, for example, has recently introduced token burning and revenue sharing features, which help the sustainability of this sector.

CZ Breaks Silence on Meme Coin Listings

Voices of critics have become louder as Binance listings for BNB Chain meme coins,  like JELLY, have increased. Binance’s founder Changpeng Zhao has also answered to such critics. Based on his statement, investors should remember that the value of these coins will not see long-term changes because of listing. He continued to explain that listing only increases market access and liquidity. As such, the price impact of such events is short-term and temporary, and investors should instead look at fundamentals. 

Meme Coin Mania Fizzles: Is Crypto Entering a New Era?

Based on the current market data, the hype of the meme coin sector is dying down fast. As such, if this trajectory continues, the crypto market will be less plagued by only speculative hype. This could be a renaissance in the crypto industry as new revolutionary crypto projects can gain attention and traction again. However, a resurgence in the meme coin market is also possible as this sector is unpredictable and speculative.