Binance’s bull emoji tweet sparked a frenzy in meme token trading, driving up prices rapidly.
Mumu, the Bull token based on Solana, surged in popularity, amassing a $40 million capitalization.
On March 21, 2024, Binance, the leading cryptocurrency exchange, tweeted a single bull emoji, triggering a surge in the animal-themed meme token MuMU trade price. This increase was a reflection of the speculative enthusiasm and optimism that surrounded the cryptocurrency space.
This tweet, which initially seemed straightforward, generated more positive market sentiment, particularly among traders of meme tokens. Within an hour, MUMU’s value surged by more than thirteen percent due to an innocent tweet on Binance’s official social media account that included a bull emoji.
— Binance (@binance) March 21, 2024
As with other instances where Binance’s social media signals coincided with significant price movements in other assets, this rise raised questions and prompted speculation amo
