Meme coin MUBARAK faced a 40% drop after being listed on Binance, reigniting discussions about token listing methods on centralized exchanges and the overall ecosystem of meme coins. Critics believe recent events have weakened trust in centralized exchanges and DeFi platforms. Meanwhile, innovators like Pump.fun are introducing features such as token burning and revenue sharing to guide meme coins towards a more sustainable future. Former Binance founder Changpeng Zhao responded to criticisms, emphasizing that token listings should not have a long-term impact on prices. The recent price drop of MUBARAK is just one of the recent crises in the meme coins ecosystem, alongside others like JELLY and HYPE. Despite concerns, some experts believe meme coins may temporarily impede growth and DeFi adoption, but further innovations could increase interest in this area.
