Here’s Why EGL1 Memecoin Jumped Over 50% Today

EGLI, a memecoin built on the BNB Chain, has surged to a remarkable high, reflecting a positive sentiment in the crypto market. EGLI jumped over 50%. However, the asset has slightly declined to 43% in the past few hours.

Notably, the latest price increase has drawn attention from traders. While memecoin rallies are often unpredictable, this surge is tied to a development that focuses on liquidity, real trading activity, and long-term ecosystem support. As such, the key factor behind the surge is the newly introduced USD1 Trading Competition.

A $250K USD1 Trading Competition

The USD1 Trading Competition is a newly launched initiative under the BNB Chain’s ongoing $100 million liquidity incentive programme. The development is in collaboration with World Liberty Financial, Four.meme, and Aster. According to the announcement, the aim is to strengthen markets by encouraging consistent participation.

Instead of spreading funds thin across many experimental projects, the program focuses on markets that already show life and interest. As part of this initiative, a total of $250,000 worth of USD1 will be deployed on-chain during a defined program window.

Interestingly, BNB Chain itself is contributing $100,000 from its larger liquidity incentive commitment, while World Liberty Financial is adding another $150,000. Together, this effort reflects an active market and demonstrates how BNB Chain’s framework can attract strong partners willing to commit capital.

Beyond on-chain liquidity, the USD1 Trading Competition also connects projects to wider market opportunities. Selected projects may receive fast-track reviews for spot or perpetual listings on Aster.

They may also qualify for additional Aster Points incentives, provided the standard requirements are met. Strong liquidity and a dedicated marketing budget are key in unlocking these benefits.

Eligibility Through USD1-Based Trading Pairs

EGL1 benefited from this renewed attention because it trades within an ecosystem that meets the program’s criteria. On Four.meme, eligible trading pairs include projects created directly with USD1 as the base token, as well as projects that originally launched with other base tokens but later added USD1 liquidity. Recall that EGL1 was developed via the memecoin launchpad, Four.meme.

With no application process required, any qualifying pair is added automatically during the program’s window. Another key reason this competition is significant is how it observed market behaviour after launch.

The initiative does due diligence. It observes what happens on-chain rather than relying on reward promises. For clarity, all activity undergoes integrity checks tailored to detect manipulation and wash trading.

With this in place, trades cannot easily game the system because the execution information is not publicly disclosed. According to the update, this drastically reduces the risk of misleading rewards and helps markets develop naturally.  

Liquidity Boost Strengthens Market Confidence

For EGL1, this meant real trading interest and liquidity growth were rewarded, which helped push prices higher as confidence improved. Meanwhile, EGL1 is currently trading at $0.03529. The asset has traded more than 86% in the past few days, and over 95.3% in the last month, according to data from CoinGecko.

The memecoin has a market capitalization of more than $34 million and a daily trading volume of $4.6 million, reflecting growing investor interest. EGL1 also has a total supply of 1 billion tokens.

Meanwhile, after the evaluation period ends, three projects will be identified based on overall market activity during the window. These projects fall within the program’s support scope, again without any separate application process.

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