An hits $45.2M, BIG DON $39.9M amid BNB Chain USD1 trading contest

An and BIG DON posted rapid market-cap spikes on Jan. 15 amid BNB Chain's USD1 trading contest, with An briefly surpassing $30M and now at $45.2M at about $0.045 with a 24-hour gain of about 16%, while BIG DON opened and quickly climbed to $39.9M at about $0.0398, GMGN data show. In USD1 pools on BNB Chain, GMGN observed concentrated buying via batch wallets, noting that An started two days before the event announcement and its top-100 holders account for 11.1%, while many on-chain meme coins typically see the top-100 exceed 50%. GMGN said BIG DON saw more than 90 suspected linked addresses buy within roughly 10 minutes, with additional concentrated purchases during a minor pullback at 6:05, 7:05 and 11:00 this morning; on-chain data show a wallet used CiaoSwap (a batch distribution tool) before concentrated buying, with related addresses including 0xD8b54De07e0eaDc00B760B352AeA59A13d385cbc and 0x6eFFa72a258907399d8DCe258232001A3FA609b9. BlockBeats reports the activity has drawn significant capital as the community expects the winning project could list on top exchanges, an analyst on X alleged the operators behind the two meme coins may be associated with the earlier WLFI project, and BlockBeats cautioned that meme coins are highly volatile, sentiment-driven and have no practical value or use cases.