【Moonlight Web3 Project Introduction @whyanelephant 🐘】

My dears, today I want to share the new trends in the Binance ecosystem meme track that Moonlight has observed.

Institutions are clearly investing in the meme sector. For example, @BNBChain invested $1 million to support the innovation of meme coins. This fund will be used to accelerate the development of meme coins in the BNB ecosystem.

A notable example is $WHY @whyanelephant, a meme coin that was not discussed much in the market before, but has recently become the first beneficiary of Binance Chain Meme Heroes LP support and has continued to gain popularity.

@BNBChain officially provided $200,000 in liquidity support for $WHY, which is a very important capital injection for a meme project.

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By the way, there are quite a few tokens called $WHY on the market. I would like to specially mark here that the one who received BNB Chain funding is this cute elephant @whyanelephant who doesn’t have many fans yet 🐘

$WHY smart contract address on the BSC chain: 0x9eC02756A559700d8D9e79ECe56809f7bcC5dC27

Official X account: x.com/whyanelephant

In the second phase of Binance Chain's "Meme Heroes" support plan, BNB Chain will continue to provide financial support for meme projects in the ecosystem and increase liquidity pools (LP) to further promote those potential meme projects. This will not only help meme projects continue to develop, but also contribute to the growth of the entire ecosystem.

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I believe everyone has felt that the market fluctuations in this round of bull market are very drastic. According to the deduction of market conditions, this fluctuation foreshadows that the market conditions in the future may be even greater, and meme projects also have huge growth potential.

Among the mainstream public chains, the meme sector is one of the most active tracks in this round of the market. If Trump publicly supports the development of the cryptocurrency industry at the Bitcoin conference next week, it will attract more hot money to flow into the cryptocurrency industry in the second half of the year.

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In this bull market, the price of BNB has reached a new high. Even though BNB has declined in the ups and downs since the last high, it is still strong and stable overall.

Many people predict that after CZ's return, BNB is likely to continue to break upward. At the same time, the meme sector of the BNB ecosystem is also expected to benefit from this wave of attention and traffic dividends.

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Among the mainstream public chains, in addition to SOL and ETH chains, the market value of meme coins on chains such as AVAX and TON has exceeded US$500 million. As an important ecosystem, the BNB chain also has great development potential.

BNB Chain is the first platform to inject LP into meme coins, which makes the ecosystem have a clear leading Meme coin, and also indicates the determination and attitude of BSC officials to invest a lot of support funds in MEME.

As the first recipient of support, $WHY has proven its strength

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In addition to financial support, Binance has also put a lot of effort into market analysis. The Binance Research semi-annual report, which was just released a few days ago, is rich in content, covering popular topics such as memecoins, AI, and DePIN. It also deeply analyzes recent cryptocurrency financing activities, institutional adoption, and the development trend of real world assets (RWAs).

In addition, the Binance research report also lists several topics that need to be paid attention to in the second half of this year, which are worth careful study. Friends who haven’t read it yet can find time to learn more about it.

Yueguang feels that these analyses are valuable market insights, which can provide more powerful evidence for people like me who have difficulty making decisions when looking at projects.

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Next, let’s analyze the fundamentals of $WHY:

- The total circulating market value is less than 0.1B. In comparison, the market value of the leading projects of the top three public chains should be no less than 2B when they go online.

- $WHY, which has received funding from BNB Chain, may have greater multiples and room for growth than other projects.

- All LP pool addresses officially provided by the chain are locked, more than 10,000 BNB in ​​the pool have been put into the black hole address, and the v3 handling fee is permanently locked, which is equivalent to each transaction. WHY is automatically destroyed, and the token has been in a deflationary state.

- What the MEME project needs is more popularity and exposure. Only the strong belief of the community and holders can make the project go further. This is not someone else's business, it is the business of all holders!

By the way, a big guy had been urging me to buy some positions before, but I didn’t buy in because I didn’t see many people discussing it.

Later it was said that those who bought in early and have been holding on to $WHY are ready to retire.

Moonlight knows it's wrong, it really has to be bought when no one cares

Please give me more push next time, thank you very much🥹

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That’s all for today’s sharing~

I hope that every child can seize his or her own "hundred-fold coin" in this market full of opportunities.

Go Duck 🐘