The popular memecoin BUILDon (B) made headlines recently as it surged over 150 percent in the last 24 hours, reaching above $0.1 during the late North American trading session. With a fully diluted valuation of approximately $102 million and a 24-hour average traded volume of around $60 million, the small-cap memecoin experienced significant gains after receiving support from World Liberty Financial (WLFI), a project backed by Donald Trump.
While the WLFI team did not disclose the exact financial details of the support provided to $B, its impact was clearly felt in the market. The endorsement from WLFI, which recently opted to use the USD1 stablecoin as its base pair, boosted confidence in the memecoin and helped drive its price higher.
“We just bought some $B to support the BUILDon team. Love seeing projects choose $USD1 as their base pair — faster settlement, deeper liquidity, and growth every day. We hope to see more tokens make the switch,” the announcement noted.
With more than 13,000 on-chain holders and a net pooled USD1 of over $842,000 to provide liquidity, BUILDon is well-positioned to continue rallying in the days ahead. The rising optimism of an “altseason” and the re-emergence of FOMO traders are expected to sustain bullish sentiment for $B and other memecoins.
The memecoin culture on the Binance Smart Chain (BSC) has gained significant traction recently, thanks in part to Binance’s support for project developers. However, the $B price may face volatility in the near future due to heightened crypto speculation, making it susceptible to pump and dump schemes.
Overall, the support from WLFI and the growing demand for memecoins suggest that BUILDon has a bright future ahead. As the cryptocurrency market continues to evolve, it will be interesting to see how $B and other memecoins fare in the coming weeks and months.