Four.meme leads the Binance market to explode, $BNX may further release potential

Author:Cycle Capital

1. Binance-based market started by Four.meme

Recently, the market on the BNB Chain chain has swept the attention of the Crypto market. Although investors have doubts about the performance and market sustainability of the BNB Chain, a large number of BNB asset issuance and BN-based tokens on the exchange have been introduced. Pop market rise

Source: Coinmarketcap

Source: Four.meme

This rotation is inseparable from the push behind Four.meme. First, Binance founder CZ shared a video on X, showing how to issue tokens using the Four.meme platform. The test token in the video is TST. On February 6, TST fermented in the market, and its market value first hit 5 million. After the plunge, it almost returned to zero. After that, CZ made an objective response to the token, declaring that the token was unofficially issued, but attached a purchase link. Since then, TST has attracted market attention and capital speculation after receiving a positive response from CZ. , and finally created the three-day SUT Binance spot and contract, with a market value of US$500 million.

This incident has promoted everyone to further search for BNB Chain's next "TST" on Four.meme. Broccoli, which was recently released on Four on February 13, also reached a market value of 120 million in three days. In Binance Cex, BNX tokens have also led to the general rise of BN tokens. Since February 8, it has pulled from the unit price of 0.16 to a maximum of 1.1 US dollars in a week, creating a 7-fold increase in a week, followed by BNB, CAKE, The tokens led by BAKE and LISTA also ushered in a wave of surges, but overall, BNX's trend is the most continuous and firm.

Source: Binance

2. FOUR is BNX

In September 2024, BNX launched a proposal to make a brand change to Four to welcome its meme platform launched and incubated on July 2 - Four.meme. The proposal was officially passed on September 23, 2024, but it has not been renamed. This time, BNX's strong rise and Four's passion may soon be renamed.

Regarding the BNX team, industry insiders believe that it has always been Binance's "right-hand man" and practices the purpose of "where Binance needs it, BNX will go wherever Binance needs it". Its business has spanned options, games, and asset issuance platforms. Four's layout should be a key step for Binance to activate the BNB chain. From the moment, it is the best time to further develop.

It can be said that FOUR is BNX, and BNX is Binance. The biggest benefit of Binance's emphasis on on-chain ecosystem may be in Four.meme, and the release of Four.meme's potential will also benefit the price of BNX.

3. Four.meme is committed to creating the first "Pump" of BNB Chain

From the launch of this round of Four.meme's market, it is not difficult to see that Four.meme intends to replicate the successful cases of Pump.fun and GMGN to activate the BNB chain ecosystem and further improve the use and price of BNB.

From the perspective of BNB Chain, the Pump-type platforms on the BNB chain include Burve, Grafun, etc., but from the perspective of market attention, asset issuance quantity and BNB Chain interaction and support, other platforms are not as good as Four. Judging from the case of CZ teaching meme issuance using the Four.meme platform, Four.meme is undoubtedly the first Pump on the BNB chain.

Compared with the Sol chain project, in the past 24 hours, Pump.fun's revenue was US$2.74m, GMGN was US$383.544, and Four.meme was US$115.825. If the popularity of BNB can continue or even further expand, Four's revenue should be GMGN. between 1/3–1 of the Defilama estimates the estimated annual revenues of Pump.fun and GMGN from revenue data from the past 30 days, at $1.572b and $258.11m, respectively. The PE of traditional financial companies can be more than 10 times. Projects such as Pump.fun are the few projects in the Crypto market that can generate continuous cash flow, and the PE can be more than 10 times conservative.

Source of income data: Defillama

The current market value of BNX is US$0.35b, Pumpfun's 10 times PE valuation is 43.6 times that of BNX, and GMGN's 10 times PE valuation is 7.37 times that of BNX. If Four's revenue is 1/3 of GMGN, the estimated valuation is 2.45 times that of GMGN. Simply put, if BNX officially becomes Four's platform coin, it is conservatively estimated that it will have an increase of 2.45 times to 7.37 times from the current price.

4. Summary

1. Since Trump issued the token, the market has plummeted. The market has experienced several weeks of cold market trends. Driven by Four, it has led to the return of a new wave of Cex and on-chain hotspots. Although the market is not easy to praise or criticize, the currency An is seizing the opportunity to continue to promote the expansion of the influence of Four and BNB ecosystems.

2. Four means BNX. If Four can be released further, it will continue to benefit the price of BNX.

3. According to valuation comparison, under the steadily developing Four, the price of BNX still has room for growth of more than 2.45.