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Meme coin trading with the USD1 pair surges
According to data from TKVResearch, since May 21, the trading ratio of meme coin through USD1 pairs has risen to the sky from 50% to nearly 90% of the total volume of transactions.
Notably, the majority of the volume and number of holders of the USD1 pairs come from the BUILDon – B platform, contributing over 90% of the daily trading volume and 24.8% of the total number of holders.
The report also shows that more than 50% of traders have taken profits, indicating that the trend of speculating on meme coins above USD1 is bringing profits to the majority of participants.