BUILDon (B) Token Surges 500% Following World Liberty Financial Purchase
BUILDon (B), a new meme coin on the BNB Smart Chain, surged 500% in 24 hours, currently trading at $0.218 with a market cap exceeding $210 million.
- The price spike follows a purchase of 636,961 B tokens by World Liberty Financial (WLFI), backed by the Trump family, for $25,011 USD1.
- WLFI's crypto portfolio has reached approximately $1.09 billion, including holdings of $21.1 million in Ether and $18 million in Wrapped Bitcoin.
- Despite growth, WLFI faces legal scrutiny over its connections to individuals with criminal charges and recent controversies surrounding its partnership with KuCoin.
- BUILDon utilizes AI and agent-to-agent architecture to enhance investment strategies.
- The surge coincides with optimism in the broader altcoin market as Bitcoin surpasses previous highs, leading to increased capital rotation into altcoins.
- The memecoin market cap rose by 8.7% in the last 24 hours, reaching $75.18 billion.
Recent developments indicate potential momentum for BUILDon amid a favorable environment for altcoins.