Summary
- Former Binance CEO Changpeng Zhao delivered a holiday greeting related to the MUBARAK token.
- Following the news, the MUBARAK token rose 8.53% during intraday trading, soaring to $0.0432.
- It was noted that Zhao's remarks had a short-term impact on the market, cautioning investors.
Changpeng Zhao, the former CEO of Binance, posted a holiday greeting that triggered a reaction in the market, causing the MUBARAK token to temporarily surge.
On the 6th (local time), Zhao posted on X (formerly Twitter), writing "Eid Mubarak, cousins!" to send Muslim holiday greetings. He used a crescent moon emoji along with the message to convey a friendly greeting to users in the Muslim community.
Following his remarks, the MUBARAK token rose 8.53% during intraday trading, soaring to $0.0432. 'Eid Mubarak' is an Arabic phrase meaning "blessed Eid (holiday)."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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