BUILDon Memecoin Surges 150% After World Liberty Financial Endorsement

The BSC-based memecoin BUILDon (B) experienced a remarkable surge of over 150% within a 24-hour period, reaching a trading price above $0.1 during the late North American trading session on Wednesday. This significant rally was driven by an endorsement from World Liberty Financial (WLFI), a project backed by Donald Trump. The WLFI team announced that they had purchased an undisclosed amount of $B tokens, following their decision to use the USD1 stablecoin as their base pair. The announcement highlighted the benefits of using USD1, including faster settlement, deeper liquidity, and continuous growth.

The impact of WLFI's support was evident, as the small-cap memecoin, with a fully diluted valuation of about $102 million, saw substantial gains. The rising optimism surrounding an altseason, coupled with the re-emergence of FOMO traders, is expected to help $B sustain its bullish sentiment. The memecoin has attracted over 13,000 on-chain holders, with a net pooled USD1 of over 842,000 provided for liquidity. This positions BUILDon well to rally further in the coming days, especially with the increasing demand for memecoins following the Bitcoin price pump towards a new all-time high.

The memecoin culture on the BNB chain has gained significant traction recently, thanks to Binance's support for project developers. However, the price of $B faces significant volatility ahead due to heightened crypto speculation, making it prone to pump and dump schemes. Despite this, the support from WLFI and the growing interest in memecoins suggest a positive outlook for BUILDon in the near future.