World Liberty Financial (WLFI), the cryptocurrency initiative backed by the Trump family, announced it had purchased BuildOn tokens 636,961 $B for 25,011 $USD1.
WLFI announced on its official X(Twitter) account, stating that the move was intended to support the BuildOn team and its efforts on the BNB Smart Chain.
BuildOn’s Mission and Mascot
BuildOn, known by its mascot BuildOn the Lion, stands as a symbol of innovation and community on the BNB Smart Chain. The project aims to automate processes and foster decentralised collaboration.
While it began as a meme token, BuildOn has grown into an AI-driven symbol for developers looking to build without needing centralised permission.
Token Performance Surges
Following WLFI’s announcement, BuildOn’s token price climbed significantly. At the time of writing, the token traded at $0.2140, marking a remarkable 455% increase. The project’s total market value reached $215.4 million.
Trading activity also spiked, with a 24-hour volume rise of 496%. This surge highlights growing interest in meme tokens, especially those tied to strong community narratives.
Binance Alpha Recognition
Just one day before WLFI’s purchase, on May 21, Binance selected BuildOn as a Binance Alpha project. Binance Alpha spotlights emerging blockchain ventures based on market trends and potential.
However, being chosen as a Binance Alpha project does not guarantee a listing on Binance exchanges. Still, the recognition serves as a stamp of approval and can attract more investors and developers to the BuildOn ecosystem.
Community Growth and Liquidity
The BuildOn memecoin has attracted more than 13,000 on-chain holders. These participants have pooled a net total of over $842,000 to provide liquidity for the token. This level of community support suggests that BuildOn stands poised for further growth.
As Bitcoin’s price climbs toward new highs, demand for meme tokens has also risen, putting BuildOn in a strong position to benefit from this trend.
Rise of Memecoin Culture on BNB Chain
Recently, memecoin development on the BNB Smart Chain has seen a surge in activity. This uptick follows Binance’s strategic decision to back project developers more actively.
By offering resources and recognition to emerging tokens, Binance has encouraged innovation and increased the visibility of new meme projects. BuildOn’s rise is part of this broader wave of interest in community-driven tokens.
WLFI’s acquisition of BuildOn tokens underscores the growing influence of meme-based projects within the crypto space. With strong price performance, rising liquidity, and community support, BuildOn appears ready to capitalise on the increasing demand for memecoins.
Meanwhile, WLFI’s backing provides further validation of BuildOn’s potential. As both token and community continue to expand, the project may shape the future of decentralised, permissionless development on the BNB Smart Chain.
