Hyperliquid News Today: Buzz and Speculation Drive BSC Meme Coin Rally, GIGGLE Approaches $90 Million

GIGGLE, a

token operating within the Binance Smart Chain (BSC) network, has jumped by more than 22% in recent trading, sending its total market value past $60 million. This upward movement has triggered renewed enthusiasm for meme tokens on BSC, with other projects such as "Binance Life" and "Hakimi" also experiencing notable price increases, as reported by .

This surge comes amid a collective rebound among BSC meme coins, fueled by speculative trading and strong community engagement. According to GMGN's market data, "Binance Life" climbed almost 20% within just one hour, reaching a $143 million market cap, while "Hakimi" and the token "4" gained 14% and 15% respectively during the same period, as highlighted in the Lookonchain report. As of now, GIGGLE's valuation has reached $87.21 million, signaling a renewed wave of interest in meme-centric assets on the BSC platform.

This rally highlights the unpredictable behavior of meme coins, which are often influenced by trends on social media and the sentiment of individual investors. Experts point out that BSC's minimal transaction costs and the backing of the Binance ecosystem have created an environment where meme tokens can quickly gain popularity. "The BSC network has emerged as a prime location for meme tokens, thanks to its ease of use and deep liquidity," explained a blockchain analyst, noting that the recent price spikes demonstrate the sector's vulnerability to fast-paced, speculative activity.

Although some have likened this rally to the MemeFi surge on Solana in 2023, BSC's strategy is distinct, emphasizing listings on centralized exchanges and transparent on-chain activity. For example, Luxxcoin ($LUX), a MemeFi project on Solana, recently revealed plans for a Token Generation Event (TGE) featuring a structured liquidity approach and a competitive "Hero Rewards" system, according to a

. In contrast, GIGGLE's recent growth seems to be primarily driven by organic community interest rather than sophisticated institutional mechanisms, a trend often seen in the meme coin space.

Despite the current excitement, analysts warn that meme tokens are inherently risky and speculative. The blockchain media outlet BlockBeats stressed that these tokens experience "extreme price swings" and urged investors to be prudent. The Lookonchain report also pointed out the absence of clear regulations and the heavy dependence on social media buzz, both of which heighten the risks for everyday investors.